The new CARES Act will let many take penalty-free withdrawals from their 401(k)s, yet this is financially risky in the current economic climate. Dan Loney at Wharton Business Daily interviews Wharton’s Prof. Olivia S. Mitchell. …Read More
Two-thirds of Americans struggle with financial literacy, report Profs Olivia S. Mitchell of Wharton and Annamaria Lusardi of GWU. Some turning to TikTok for financial education to bridge the gap, via Polina Marinova in Fortune.…Read More
Target-date funds in 401(k) plans can provide better returns, according to a new study by Wharton Prof. Olivia S. Mitchell and Stephen P. Utkus of Vanguard, cited in Pensions & Investments.…Read More
New CARES Act lets Americans take penalty-free withdrawals from their retirement savings, but many have no retirement accounts, while those who do cash out could face future shortfalls, Wharton Prof. Olivia S. Mitchell explains to CNBC Make It.…Read More
Low-income households’ retirement incomes have been rising and their poverty rates falling in recent decades due to rising Social Security benefits, but there’s still room for improvement, reported Andrew G. Biggs to PlanSponsor when discussing his recent study for the Pension Research Council. …Read More
Taxing pension contributions (aka 401(k) ‘Rothification’) instead of payouts could reduce tax revenue in the long term, reports Prof. Olivia S. Mitchell to Wharton Business Daily, discussing her recent study.…Read More
“One of the founders of modern academic pension research:” The work and insight of Wharton Prof and PRC Executive Director Olivia S. Mitchell, profiled in the IMF Finance & Development magazine.…Read More
The Pension Research Council at the Wharton School of the University of Pennsylvania is pleased to announce that Vanguard has rejoined the Council as a Director Level Member of the Council for 2020.…Read More
Financial literacy is vital but deficient, particularly among the young. In Fall 2020, Wharton Profs. Olivia S. Mitchell and Nick Roussanov will offer launch new course on ‘Consumer Financial Decision Making,’ intended to guide Penn undergrads over their lifetimes.…Read More
Greater financial literacy could help most of us, especially when it comes to retirement planning! Prof. Benedict Koh discusses his results on financial literacy in Singapore in study coauthored with Olivia S. Mitchell and Susann Rohwedder, via Business Times.…Read More
