Do early 401(k) loans hurt retirement savings? Beshears and coauthors use Vanguard data to show that most workers who access their plans before retirement continue contributing, often increasing savings to rebuild their balances. Their research findings suggest that short-term access to DC plans doesn’t necessarily come at the expense of long-term retirement security.…Read More
As technology reshapes financial markets and client expectations, the future of financial advice will be defined by how we fuse digital innovation with human insight. TIAA research shows that while AI tools and online platforms can increase efficiency and expand access, it’s the advisor-client relationship that drives trust, meaningful behavior change, and truly personalized guidance. Thriving in this new landscape means pairing technical agility with emotional intelligence to elevate it and engage a new generation of investors.…Read More
Automatic enrollment has transformed U.S. retirement savings, but its long-run impact is more nuanced than early studies suggest. Professor Jonathan Reuter’s investigation shows that while behavioral nudges boost participation, they also anchor employees to defaults, lead to unintended leakage, and can increase household debt. The challenge to retirement plan policymakers is to build plans that boost participation and account for diverse needs.…Read More
America’s long-term care system is failing to prepare for an aging population. Economists R. Anton Braun and Karen Kopecky reveal how Medicaid’s design is leaving most Americans to shoulder huge out-of-pocket costs. Their research points to a simple fix: make Medicaid the primary payer.…Read More
A decade-long study of more than 1,000 older adults shows that financial and health literacy decline steadily with age, dropping about one percentage point each year. These findings highlight growing risks in money management and medical decision-making, and point to the need for early, targeted interventions to support financial well-being—particularly for women.…Read More
In their research, Gianpaolo Parise and Kim Peijnenburg demonstrate that traits such as conscientiousness, grit, locus of control, and emotional stability significantly shape individuals’ saving, investing, and retirement planning behaviors. Their findings underscore an important insight: personality traits, alongside income and financial literacy, are critical determinants of long-term wealth accumulation and retirement preparedness.…Read More
When it comes to longevity, the U.S. is falling far behind its peers. Through his analysis, Steve Utkus reveals a sobering reality – Americans not only live shorter lives than citizens of other wealthy nations, but they also spend fewer years in good health. His findings highlight an urgent challenge: Americans get sicker faster and die earlier, despite living in one of the world’s richest nations.…Read More
When it comes to longevity, the U.S. is falling far behind its peers. Through his analysis, Steve Utkus reveals a sobering reality – Americans not only live shorter lives than citizens of other wealthy nations, but they also spend fewer years in good health. His findings highlight an urgent challenge: Americans get sicker faster and die earlier, despite living in one of the world’s richest nations.…Read More
When staffing levels drop in U.S. nursing homes, something troubling rises: the use of powerful antipsychotic drugs to sedate vulnerable residents. In a new study, Ken Moon, Jong Myeong Lim, and Minje Park reveal a disturbing causal link—too few nurses lead to more residents being medicated, not for treatment, but to manage behavior. Their findings suggest that stronger staffing rules could significantly reduce serious ethical concerns.…Read More
COVID-19 surprised everyone by confronting them with both health and financial shocks, forcing consumers to reassess their own vulnerability and, potentially, their need for life insurance.
“The COVID-19 pandemic was catalyst for an unprecedented convergence of health and financial risks, forcing consumers to reexamine their vulnerability and, potentially, their need for life insurance. A new study investigates how these shocks influenced consumer demand for life insurance. Report by Abigail Hurwitz, Olivia S. Mitchell at the University of Pennsylvania, and Orly Sade of the Hebrew University of Jerusalem. Via RetireSecure blog.…Read More
