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
More financial literacy can produce better financial outcomes, as in the new Journal of Pension Economics and Finance Special Virtual Issue on ‘Developments in Financial Literacy,’ with an intro by Wharton Prof. Olivia S. Mitchell.…Read More
The 2020 OECD Pensions Outlook provides policy guidelines to strengthen retirement systems post-pandemic. The book launch featured a virtual roundtable discussion including Wharton’s Prof. Olivia S. Mitchell.…Read More
Financial literacy can guard against financial fragility, reports new study by Profs. Olivia S. Mitchell of Wharton, Annamaria Lusardi of George Washington University, and Robert Clark of NC State Poole College of Management, cited in Report Door.…Read More
Recalibrating retirement planning for our times: Wharton Prof. Olivia S. Mitchell interviewed by Robert Powell, Jason Fichtner, & Anna Rappaport, discussing possible solutions. Via Retirement Management Journal.…Read More
Low-cost target date funds in retirement plans require minimal effort from savers but can substantially enhance retirement wealth, according to Prof. Olivia S. Mitchell of Wharton and Stephen P. Utkus of Vanguard, in a study discussed by Howard R. Gold of MarketWatch.…Read More
Money-back guarantees on pensions cost a lot, especially in these low-return times, report Olivia S. Mitchell, Raimond Maurer, Vanya Horneff, and Daniel Liebler in their study cited in Retirement Income Journal.…Read More
As more Americans are living longer, public-private partnerships can help strengthen their financial security in later life. Co-moderators Prof. Olivia S. Mitchell of Wharton and Surya Kolluri of Bank of America discuss the 2020 PRC symposium with Wharton Magazine which explored several such partnerships.…Read More
The International Pension Research Association (IPRA) offers monthly webinars on pensions and retirement. The first on “Procrastination, Retirement Savings, and Annuities,” by Dean Jeffrey Brown of the Gies College of Business, University of Illinois at Urbana-Champaign, is here. For information about upcoming IPRA webinars, visit https://iprassn.org/…Read More
