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
In a research paper (Jan. 2023), co-authors Vanya Horneff and Raimond Maurer from Goethe University at Frankfurt, and Olivia S. Mitchell from Wharton underscore the value of integrating deferred income annuities into retirement plans. Their study suggests that waiting until age 70 for Social Security benefits, alongside the SECURE 2.0 Act’s emphasis on annuities, can significantly enhance retirement welfare. This highlights a valuable strategy for retirees to optimize their benefits and improve financial security. …Read More
Retirees who earned more benefit most from deferred income annuities, while the lower-paid fare better by delaying claiming Social Security. Prof. Olivia S. Mitchell makes the case here: Knowledge at Wharton. …Read More
Losing tax deductions for retirement plan catch-up contributions will lead people to contribute less. This will reduce retirement security, says Prof. Olivia S. Mitchell of Wharton’s Pension Research Council, via The Oregonian. …Read More
