Do People’s Longevity Expectations Shape Their Key Financial Decisions?

We have recently explored this question focusing on smokers, since smoking is widely confirmed to reduce human life spans. Our research reveals a stunning gap between objective life expectancy and how smokers think about their own life spans. To examine this point, we asked 963 in a representative sample in Israel whether they thought they would live as long as, less than, or longer than an average person.Read More

How Can Family Fit Into Your Retirement Plans?

The extended family is an important part of retirement planning for many Americans.  Indeed, in the past, family members frequently helped fill in gaps when people grew older. Yet today, people increasingly reach their senior years with few — or no — family members who can help. I believe that family concerns are often given inadequate consideration in retirement planning, and this article offers some facts and ideas to consider.Read More

Putting The Pension Back Into Retirement

Defined contribution plans – often known as 401k plans – have become the mainstay of US company pensions, yet their main function has been to get employees to save and invest during their work years. These plans haven’t been successful at delivering lifetime income benefits, as a rule: fewer than one-fifth of all such plans today help workers convert their plan assets into retirement paychecks.Read More