Do early 401(k) loans hurt retirement savings? Beshears and coauthors use Vanguard data to show that most workers who access their plans before retirement continue contributing, often increasing savings to rebuild their balances. Their research findings suggest that short-term access to DC plans doesn’t necessarily come at the expense of long-term retirement security.…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
Expanding DC plan investment options, particularly default investments, could boost participation and reduce risk for employees, suggest Cameron Ellis of the University of Iowa, Thorsten Moenig of Temple University, and Jacqueline Volkman-Wise of Saint Joseph’s University. Via RetireSecureblog. …Read More
Retirees’ biggest regret is saving too little, as Wharton Professor Olivia S. Mitchell explains to Robert “Bob” Powell of Decoding Retirement. Via yahoo!finance. …Read More
There is growing concern about sensitive personal information getting leaked, warns Wharton Professor, Olivia S. Mitchell, via Glamour.…Read More
The US racial wealth gap is evident not only in household wealth but also in retirement wealth. Policy reform could increase household wealth and improve equality outcomes, explain David C. John of the AARP Public Policy Institute and Brookings Institute, J. Mark Iwry of the Wharton School and Brookings Institute, and William G. Gale of the Brookings Institution. Via RetireSecure blog.…Read More
Social Security coding quirks and outdated technology, account for the 150-year-old Americans in the database, explains Wharton Professor, Olivia S. Mitchell, via The Washington Post.…Read More
Wharton Professor Olivia S. Mitchell recently spoke at a Brookings Institute event organized by the Retirement Security Project on “The outlook for retirement security in a new Congress,” with copanelists Mark Iwry and Fiona Grieg, and moderated by William Gale. The event video is here : https://shorturl.at/vw452 and Mitchell’s session begins at 58:32 with introductions.…Read More
