The U.S. retirement system gets a grade of C+, so what can be done to improve it? Wharton Prof. Olivia S. Mitchell and others explain the appeal of a national defined contribution plan, paired with guaranteed lifetime incomes.…Read More
How to avoid outliving your retirement savings? New research by Wharton Prof. Olivia S. Mitchell and co-authors shows that defaulting a portion of retirees’ 401(k) assets into annuities could boost their retirement security, especially for those who don’t understand the risk of outliving their assets.…Read More
Wharton professor Olivia S. Mitchell joins This Week In Business to discuss Fidelity data showing record-high retirement saving rates and how generational trends, employer incentives, and concerns over Social Security and debt are shaping the future of retirement preparedness.…Read More
Limited financial experience and retiree hesitancy are jeopardizing retirement security, warn Wharton Professor Olivia S. Mitchell and co-authors. Their research finds that automatically placing a portion of retirees’ savings into deferred income annuities enhance retirement security for most people, potentially overcoming behavioral factors in their plan design.…Read More
Rising longevity combined with declining financial literacy is leaving many retirees vulnerable to retirement insecurity, explain Wharton Professor Olivia S. Mitchell and co-authors. Her research highlights the urgent need for better annuity options and user-centric advice to help safeguard older Americans’ financial futures.…Read More
Alternative assets, such as private equity and crypto currencies, are emerging as investments that people can hold in their retirement accounts. Yet retirement assets need to produce returns that can sustain an expected lifestyle throughout retirement. Before adding these new alternatives to retirement portfolios, investors must learn how and why they differ from traditional assets like stocks and bonds and decide if they can bear the risks. Via RetireSecure blog.…Read More
Retirement planning and saving differ across racial/ethnic groups due to different longevity expectations, report Abigail Hurwitz and Orly Sade of the Hebrew University of Jerusalem, and Olivia S. Mitchell at the University of Pennsylvania. Via RetireSecure blog.…Read More
Is there an upper limit on human lifespans? Some forecast extreme longevity, but others are less optimistic, explains TIAA’s Benny Goodman. Via RetireSecure blog.…Read More
Women’s median weekly earnings rose to 83.8% of men’s in 2023, up from 82.9% the year before, moving toward closing the pay gap. Dr. Olivia S. Mitchell, Wharton School professor, proposes that women build their financial literacy through education and financial advice.…Read More
Longevity to increase substantially in coming decades! So save more and keep healthy to boost old-age security, reports Prof. David McCarthy of the University of Georgia’s Terry College of Business, via IPRA webinar.…Read More
