401(k) Rothification (using after-tax, not pre-tax, money for retirement contributions) may seem like a boon to government in a time of soaring deficits and Social Security shortfalls, but this would lead many to save less and cut tax revenue in the long term, Wharton Prof. Olivia S. Mitchell explains to Knowledge@Wharton, discussing her recent study.…Read More
Even before the pandemic, retirement systems were in trouble; fixing them will take a multifaceted effort, including changes to accumulation and payout, a shift in policymakers’ approach, and greater financial literacy among savers, Prof. Olivia S. Mitchell explains to Knowledge@Wharton.…Read More
Low savings, low returns, Social Security and Medicare shortfalls: Wharton Prof. Olivia S. Mitchell discusses the increasingly uncertain post-COVID retirement landscape with Erin Arvedlund of the Philadelphia Inquirer.…Read More
The 28th Colloquium on Pensions and Retirement Research to be held in Sydney, Australia, will be held on 7-8 December 2020.…Read More
Low interest rates and population aging will be with us a long time, so reforms are needed to stabilize and strengthen retirement systems. Options include working longer, deferred annuities, and more financial literacy, says Wharton Prof. Olivia S. Mitchell in her new study, cited by Benefits Canada.…Read More
COVID-19 fallout may deplete Social Security reserves sooner than expected, according to new research by the Penn Wharton Budget Model. Working longer can help, even just part-time, Wharton Prof. Olivia S. Mitchell says, via CNBC Make It.…Read More
Recent legislation eases retirement plan loans but could endanger old-age security, says Wharton Prof. Olivia S. Mitchell, cited in the Wall Street Journal.…Read More
The TIAA Institute is again partnering with the Wharton School’s Boettner Center/Pension Research Council at the University of Pennsylvania to fund innovative research related to Americans’ financial wellness.…Read More
The TIAA Institute and its long-standing partner, the Pension Research Council (PRC) of the University of Pennsylvania’s Wharton School, released new research about how behavioral factors and biases can affect financial decisions at various stages of employment.…Read More
Multiple employer and hybrid plans, working longer, and more financial literacy among the ways to strengthen retirement systems in a post-COVID world, writes Wharton Prof. Olivia S. Mitchell in her new paper, cited in Chief Investment Officer.…Read More
