Should chronological or biological (risk-adjusted) age drive retirement claiming? Longevity research suggests the latter, per Prof. Moshe A. Milevsky of York University, via RetireSecure blog. …Read More
Pension Pooling and the Randomness of Age
retirement
Why Older Americans Regret Not Saving Early and Enough
Lacking longevity awareness, many older Americans haven’t saved enough for retirement. Better understanding of retirement risk management could strengthen their financial resilience, according to Wharton Prof. Olivia S. Mitchell, via Knowledge at Wharton.…Read More
The death question: How to talk to clients about their life expectancy
Prompting people to think about longevity can positively affect their financial decisions and plans for the future, says Olivia S. Mitchell of Wharton’s Pension Research Council, via FinancialPlanning. …Read More
Who Benefits Most From Annuity Purchases?
Including deferred income annuities in DC accounts can enhance retiree financial well-being, report researchers Vanya Horneff and Raimond Maurer of the Goethe University Frankfurt, and Olivia Mitchell of the University of Pennsylvania. Via ThinkAdvisor. …Read More
“Financial Less Is More:” An Experimental Study of Financial Communication
Pension participants make better decisions about their financial futures when they get digital plan statements, show researchers Abigail Hurwitz of the Hebrew University, Eval Lahav of The Open University of Israel, and Yevgeny Mugerman of Bar-Ilan University, via RetireSecure blog. …Read More
Spending bill aids retirees, and boosts financial industry
Secure 2.0’s passage to most impact workers at companies with matches in their retirement plans, says Olivia S. Mitchell of the Wharton’s Pension Research Council via Los Angeles Times.…Read More
How the Older Workforce and Early Retirees Fared During the Covid-19 Pandemic Recession
The US safety net provided significant support to older Americans during the pandemic find Profs. Robert A. Moffitt of Johns Hopkins University and James P. Ziliak of the University of Kentucky via RetireSecure blog.…Read More
Aon Agreed to Act as a Fiduciary to PSERS. Does it Matter?
Pension plan investment consultants must oversee accurate data entry, and PSERS case points to inadequate internal processes and standards of care, notes Wharton Professor Olivia S. Mitchell via FundFire. (Account required)…Read More
Americans’ 4 biggest retirement regrets and how to avoid them
Older Americans wish they had prepared for retirement, by saving more, working longer, preparing for healthcare costs, and delaying social security withdrawals, report researchers Abigail Hurwitz of Hebrew University of Jerusalem and Olivia S. Mitchell of the Wharton School via FinancialPlanning. …Read More
Robinhood Retirement Plan Viewed with Skepticism by Some Analysts
Though Robinhood’s 1% IRA match an attractive idea, without access to mutual funds, investing options could be confusing for many, suggests Prof. Olivia S. Mitchell of the Wharton School via TheStreet. …Read More