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
2019 was a busy year in the realm of retirement. Here are some of our most popular posts, papers, videos and news items for the year.…Read More
Workers are living longer and electing to work longer, so retirement as a concept is becoming outdated for many. Employers must encourage us to remain engaged & offer flexible work options, explains Wharton Prof. Olivia S. Mitchell to John D. Stoll at the Wall Street Journal.…Read More
Financial literacy helps people make better spending/retirement decisions and can help them save, find Profs. Annamaria Lusardi of GWSB and Olivia S. Mitchell of Wharton. New educational apps and games can also boost financial literacy & understanding, says Glenn Gillis at Independent Online. …Read More
The new SECURE Act includes retirement plan enhancements: Prof. Olivia S. Mitchell talks with David Brancaccio at Marketplace Morning Report how annuities will boost retirement wellbeing.…Read More
The new SECURE Act will boost retirement security, including raising the required minimum distribution age to 72 and encouraging 401(k) plans to include deferred annuities as payout options, explains Wharton Prof. Olivia S. Mitchell to Erin Arvedlund of the Philadelphia Inquirer.…Read More
Congress finally passed the long-awaited SECURE Act: deferred lifetime income annuities can now be included in 401(k) plans to enhance improve retirement security, explains Prof. Olivia S. Mitchell of Wharton to Elizabeth O’Brien at Money.…Read More
Borrowing against your retirement savings can be tempting but counterproductive in a recession, says Nick Strain at MarketWatch, citing “Borrowing from the Future: 401(k) Plan Loans and Loan Defaults,” the Pension Research Council study by Timothy Jun Lu, Olivia S. Mitchell, Stephen P. Utkus and Jean A. Young.…Read More
Millennials should save 40% of paychecks to retire at 65, says Olivia S. Mitchell of Wharton, but only 1 in 5 save more than 15%. Read more here.
