Limited financial experience and retiree hesitancy are jeopardizing retirement security, warn Wharton Professor Olivia S. Mitchell and co-authors. Their research finds that automatically placing a portion of retirees’ savings into deferred income annuities enhance retirement security for most people, potentially overcoming behavioral factors in their plan design.…Read More
Rising longevity combined with declining financial literacy is leaving many retirees vulnerable to retirement insecurity, explain Wharton Professor Olivia S. Mitchell and co-authors. Her research highlights the urgent need for better annuity options and user-centric advice to help safeguard older Americans’ financial futures.…Read More
Including annuity options in company 401(k) plans could provide UAW retirees assurance of lifetime income, says Wharton Professor Olivia S. Mitchell, via Reuters.…Read More
With an aging population and a declining portion of Americans who are covered by a pension, the annuity market should be stepping in to fill the gap. But the reality is much different. Luckily, technology is making annuities easier for insurers to sell and a better value for consumers.…Read More
