Longer lives mean greater risk of outliving retirement savings, but public-private partnerships can help make up the shortfalls. Wharton Prof. Olivia S. Mitchell and Surya Kolluri of Bank of America co-hosted the Pension Research Council’s recent Symposium and outlined options with Knowledge@Wharton.…Read More
Many retirement savers saw their 401(k) or 403(b) assets shrink this year due to the volatile stock market. Yet declining interest rates are boosting many people’s expected retirement wealth, explains James Mahaney.…Read More
Financial literacy can help improve retirement planning and reduce debt at older ages, reports Retirement Daily, citing study by Annamaria Lusardi, Olivia S. Mitchell, and Noemi Oggero.…Read More
Senior employment programs more important because older Americans must keep working longer, Wharton Prof. Olivia S. Mitchell tells Stephen Lee at Bloomberg Law.…Read More
The Pension Research Council’s 2020 Symposium, “Managing Longevity Risk: New Roles for Public/Private Engagement,” cohosted by Wharton Prof. Olivia S. Mitchell and Surya Kolluri of Bank of America, was held online on May 7, 2020. Here are some of the highlights from the event.…Read More
Wharton Prof. Olivia S. Mitchell tells Chris Farrell at Next Avenue that even pre COVID-19, American’s retirement picture wasn’t all rosy. Now more than ever, we’ll need to work longer, save more, and expect less.…Read More
Women’s jobs pay less and offer fewer benefits than average, and women work in sectors hardest-hit by the pandemic shutdown. So women (especially those with kids) will bear more of the COVID-19 burden than men, Wharton Prof. Olivia S. Mitchell tells Knowledge@Wharton.…Read More
Withdrawing assets from retirement accounts has tax implications, can lead to a poorer retirement, and should only be done as a last resort, confirms Wharton Prof. Olivia S. Mitchell, interviewed by Knowledge@Wharton.…Read More
Taking cash from your retirement account may help cover short-term expenses, but it could also result in lower retirement benefits and higher chances of running short in later years, says Wharton Prof. Olivia S. Mitchell, via SavingAdvice.…Read More
The new CARES Act will let many take penalty-free withdrawals from their 401(k)s, yet this is financially risky in the current economic climate. Dan Loney at Wharton Business Daily interviews Wharton’s Prof. Olivia S. Mitchell. …Read More
