The new CARES Act will let many take penalty-free withdrawals from their 401(k)s, yet this is financially risky in the current economic climate. Dan Loney at Wharton Business Daily interviews Wharton’s Prof. Olivia S. Mitchell. …Read More
Two-thirds of Americans struggle with financial literacy, report Profs Olivia S. Mitchell of Wharton and Annamaria Lusardi of GWU. Some turning to TikTok for financial education to bridge the gap, via Polina Marinova in Fortune.…Read More
Taxing pension contributions (aka 401(k) ‘Rothification’) instead of payouts could reduce tax revenue in the long term, reports Prof. Olivia S. Mitchell to Wharton Business Daily, discussing her recent study.…Read More
“One of the founders of modern academic pension research:” The work and insight of Wharton Prof and PRC Executive Director Olivia S. Mitchell, profiled in the IMF Finance & Development magazine.…Read More
Financial literacy is vital but deficient, particularly among the young. In Fall 2020, Wharton Profs. Olivia S. Mitchell and Nick Roussanov will offer launch new course on ‘Consumer Financial Decision Making,’ intended to guide Penn undergrads over their lifetimes.…Read More
Greater financial literacy could help most of us, especially when it comes to retirement planning! Prof. Benedict Koh discusses his results on financial literacy in Singapore in study coauthored with Olivia S. Mitchell and Susann Rohwedder, via Business Times.…Read More
Many firms are starting to offer financial wellness programs to reduce employees’ financial stress and help them save for retirement, says James Mahaney.…Read More
Target date funds can pay retirement savers higher returns with lower risk, report Wharton Prof. Olivia S. Mitchell and Stephen P. Utkus of Vanguard in their new study. Including them as defaults on plan menus can boost retirement wealth by half, over a 30-year horizon cited by Plansponsor.…Read More
Another recession by end-2021 predicted by 7 of 10 economists: Prof. Olivia S. Mitchell outlines steps you can take now to shore up your retirement savings and overall finances with Dan Loney on the Wharton Business Daily podcast. …Read More
Thanks to increased longevity and low investment returns, younger generations will need to contemplate 50-year careers instead of the traditional 25-30, says Olivia S. Mitchell of Wharton at Business Insider.…Read More
