Wealth inequity by age is rising over time, making Social Security solvency especially important for cohorts with modest lifetime earnings and little wealth accumulation, report researchers John Sabelhaus of the Brookings Institute and Alice Henriques Volz of the Federal Reserve Board, via RetireSecure Blog. [Study here.]…Read More
What Baby Boomers need to know: “Do RMDs Matter?” Delaying the RMD age does change the timing of tax payments, it mostly affects only those with bequest motives, explains Professor Olivia S. Mitchell of The Wharton School via MarketWatch.…Read More
Now available for streaming: The Baby Boomer Dilemma, a documentary examining the American retirement system and issues facing Baby Boomers, features experts including Wharton’s Prof. Olivia S. Mitchell https://www.boomermovie.com/ …Read More
Coming October 14: The Baby Boomer Dilemma, documentary examining the American retirement system and the issues facing Baby Boomers, features experts including Wharton Prof. Olivia S. Mitchell. Watch the trailer here.…Read More
Common wisdom once held that retired boomers could safely withdraw 4% of their savings per year, but now with rising longevity and healthcare costs, and low returns, that’s too risky, says Wharton Prof. Olivia S. Mitchell via the Christian Science Monitor.…Read More
Baby Boomer women – now in their 50’s and 60’s – are doing worse financially than older women in the 1990s. My new research with Professor Annamaria Lusardi explains why, using national representative survey data from the Health and Retirement Study and the National Financial Capability Study. We track changes in older women’s work plans and debt burdens, along with the links to financial literacy and debt stressors.…Read More
