Few buy annuities, yet using just 10% of your retirement savings to buy deferred lifetime income benefits can be a great benefit, explains Olivia S. Mitchell to Elaine Silvestrini at Annuity.org.…Read More
The Annuity Puzzle
News and Media
Pension Research Council Welcomes Fidelity Investments as Director Level Member
The Pension Research Council at the Wharton School of the University of Pennsylvania is pleased to announce that pleased to announce that Fidelity Investments has joined the Council as a Director Level Member of the Council for 2020.…Read More
‘Making Your Money Last a Lifetime’
Professor Olivia S. Mitchell gave the keynote speech at the 2nd CEAR-RSI Household Finance Workshop in Montreal, on ‘Making Your Money Last a Lifetime.’…Read More
GE freezes pensions for 20K workers in bid to trim debt pile
Fewer companies offer defined benefit pension plans today than in the early 1980s, so GE’s announced pension buyout is part of a larger trend, says Wharton Prof. Olivia S. Mitchell here. Image courtesy of Chuck Miller.
Pension Research Council Welcomes Prudential Financial as Associate Member
The Pension Research Council at the Wharton School of the University of Pennsylvania is pleased to announce that Prudential Financial has rejoined the Council as an Associate of the Council for 2020. Prudential Financial first joined the PRC as an Institutional Member in 1995.…Read More
Would you take a money-back guarantee from a 401(k)? (The answer should be no)
Are money-back guaranteed retirement accounts a good deal? Not now, explains Wharton’s Olivia S. Mitchell to MarketWatch here, citing her recent study with Vanya Horneff, Daniel Liebler, and Raimond Maurer (posted here).
Pension Research Council Welcomes Almanac Realty Investors as Associate Member
The Pension Research Council at the Wharton School of the University of Pennsylvania is pleased to announce that Almanac Realty Investors has rejoined the Council as an Associate of the Council for 2020. Almanac first joined the PRC in 2018.…Read More
Pension Research Council Welcomes the International Foundation of Employee Benefit Plans as Associate Member
The Pension Research Council at the Wharton School of the University of Pennsylvania is pleased to announce that the International Foundation of Employee Benefit Plans (IFEBP) has rejoined the Council as an Associate of the Council for 2020. The IFEBP first joined the PRC in 2006 as an Institutional Member.…Read More
Millennials will need to save at least 40 percent of their paychecks for retirement, financial expert says
Millennials should save 40% of paychecks to retire at 65, says Olivia S. Mitchell of Wharton, but only 1 in 5 save more than 15%. Read more here.
Financial forecasters say millennials need to start socking away half of their paycheck
“Work longer, save more, and expect less!” Facing lower expected returns, Millennials must save more of their paychecks for retirement than did their parents and grandparents, states Wharton’s Olivia S. Mitchell to ConsumerAffairs. Read here.