The OregonSaves program requires private companies lacking 401(k) plans to auto-enroll eligible employees. Wharton Prof. Olivia S. Mitchell, with John Chalmers, Jonathan Reuter, and Mingli Zhong, reviewed the program and its effects, via Think Advisor. …Read More
Congress removed some penalties from early withdrawals from retirement savings, but taking money out early can dramatically reduce one’s retirement assets, cautions Wharton Prof. Olivia S. Mitchell speaking with Dan Loney on Wharton Business Daily. …Read More
New TIAA Institute Study Reveals Key Insights to Inform Financial Education Programs for Black and Hispanic Women…Read More
The COVID-19 pandemic is eroding retirement saving habits and long-term financial strategies of those already financially vulnerable, report Wharton Prof. Olivia S. Mitchell, & Profs. Abigail Hurwitz and Orly Sade of the Hebrew University of Jerusalem, in their new study via NBER.…Read More
Before it’s too late: Take stock of your financial circumstances and plan to reach your goals. Wharton Prof. Olivia S. Mitchell shares five ways to improve financial fitness, via Penn Today.…Read More
COVID-19 has worsened many retirees’ and near-retirees’ growing debt problems. Prof. Olivia S. Mitchell of Wharton and Wim Mijs, CEO of the European Banking Federation, join Prof. Annamaria Lusardi of GFLEC and GWU to discuss how persistent debt is changing the retirement landscape.…Read More
Presentation slides and videos from IPRA’s recent session “Pensions and COVID-19: The Global Experience” are now available, including Wharton Prof. Olivia S. Mitchell’s presentation “Building Better Retirement Systems in the Wake of the Global Pandemic.” To join IPRA, sign up here.…Read More
Easing early withdrawals from retirement accounts could put many Americans at financial risk, especially given the looming insolvency of Social Security, explains Wharton Prof. Olivia S. Mitchell in the WSJ, advising caution and greater financial education instead.…Read More
Even pre-pandemic, many older Americans carried substantial debt in student loans, mortgages, and medical bills. Now many are tapping into retirement savings to support loved ones, notes Wharton Prof. Olivia S. Mitchell via WVTF-Radio IQ.…Read More
A new report issued by the TIAA Institute and the Pension Research Council (PRC) of the University of Pennsylvania’s Wharton School reveals that changing Required Minimum Distribution (RMD) rules would likely have a negligible impact on tax revenue, while increasing flexibility for retirement savers.…Read More
