Retirement systems were fragile even before the COVID-19 pandemic, but exploding unemployment, pension underfunding, and very low returns make the problems more urgent. New PRC working paper “Building Better Retirement Systems in the Wake of the Global Pandemic” by Wharton Prof. Olivia S. Mitchell discusses possible solutions, via PlanSponsor.…Read More
Pension plans at greater risk in the wake of COVID-19, but there are opportunities to build better systems if policymakers provide better data, enhance financial literacy, says Wharton Prof. Olivia S. Mitchell in her new working paper, cited in ThinkAdvisor.…Read More
Longer lives mean greater risk of outliving retirement savings, but public-private partnerships can help make up the shortfalls. Wharton Prof. Olivia S. Mitchell and Surya Kolluri of Bank of America co-hosted the Pension Research Council’s recent Symposium and outlined options with Knowledge@Wharton.…Read More
Financial literacy can help improve retirement planning and reduce debt at older ages, reports Retirement Daily, citing study by Annamaria Lusardi, Olivia S. Mitchell, and Noemi Oggero.…Read More
Withdrawing assets from retirement accounts has tax implications, can lead to a poorer retirement, and should only be done as a last resort, confirms Wharton Prof. Olivia S. Mitchell, interviewed by Knowledge@Wharton.…Read More
Taking cash from your retirement account may help cover short-term expenses, but it could also result in lower retirement benefits and higher chances of running short in later years, says Wharton Prof. Olivia S. Mitchell, via SavingAdvice.…Read More
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
