Are Default Annuities the Key to Better Retirement Outcomes?

As policymakers and employers consider including annuities in retirement plans, questions remain about their implementation. A recent article explores the trade-offs of making annuities the default in retirement plans. Wharton professor Olivia S. Mitchell offers expert insights on fiduciary risks, participant preferences, and financial literacy gaps, highlighting the balance betweenRead More

The Decumulation Dilemma: Outliving Savings and Employer Response

A couple looking concerned while reviewing documents at a table. Coins are stacked near a calculator, suggesting financial stress or budgeting.

Many retirees risk outliving their savings, yet few employers offer tools to help manage spending in retirement. Wharton professor Olivia S. Mitchell examines why plan sponsors are slow to adopt decumulation solutions. Her insights spotlight the growing urgency for better retirement income planning amid rising financial uncertainty.Read More