financial security Archives

Think Twice About Using Your Retirement Savings Right Now

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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

Bridging the Gap in Financial Literacy

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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

Best Investment Apps for 2020

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Treasury Inflation Protection Securities better protect against inflation than stocks, says Wharton Prof. Olivia S. Mitchell in “Best Investment Apps for 2020” via CreditDonkey.…Read More

Negative interest rates turn saving, borrowing upside down

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Ultra-low, negative interest rates are a reality, maybe for years to come: This changes how people save and invest. “Save more, work longer, expect less,” recommends Prof. Olivia S. Mitchell of Wharton to AP News.…Read More

What’s Behind the Growth of Financial Wellness Programs

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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

This one change can improve your retirement wealth by 50%

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Mark Hulbert of MarketWatch cites new work by Wharton’s Prof. Olivia S. Mitchell & Stephen P. Utkus of Vanguard, showing that using target-date funds as 401(k) plan defaults makes participants far more likely to invest in them. …Read More

What ‘Rothifying’ 401(k)s Would Mean for Retirees

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Taxing contributions to retirement accounts, or “Rothification,” boosts tax revenue in the short term. However, it would harm workers in the longer term, particularly the lower-paid, report Profs. Olivia S. Mitchell of Wharton and Raimond Maurer of Goethe University Frankfurt in the Wall Street Journal, citing their study.…Read More

Can You Recession Proof Your Retirement Accounts?

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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

Younger Generations are Redefining Retirement on Their Own Terms

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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