Interest rates will likely remain very low for some time, so people will need to save more for retirement and probably work longer, says Wharton Prof. Olivia S. Mitchell, via the Wall Street Journal.…Read More
Lower returns, longevity risk make defined benefit pensions more challenging for employers to offer, but some plan sponsors are transferring these risks to (re)insurers, writes John Kiff at the RetireSecure blog.…Read More
Better longevity risk and long term care data, information on delaying retirement, and making retirement saving more mobile across firms could strengthen retirement systems in a post-COVID world, says Wharton Prof. Olivia S. Mitchell in interview with Kerry Pechter at Retirement Income Journal.…Read More
It’s never too early to think about retirement planning! These 10 questions from Wharton Prof. Olivia S. Mitchell can help you evaluate the challenges involved. Via CNBC.…Read More
“The P-Fin Index: Four Years of Data to Understand Personal Finance in America”: Prof. Annamaria Lusardi of the George Washington University School of Business and the PRC Advisory Board gives keynote presentation at the 2020 Conference of the Swedish House of Finance.…Read More
“Building Better Retirement Systems in the Wake of the Global Pandemic”: Wharton Prof. Olivia S. Mitchell, Executive Director of the PRC, gives keynote presentation at the 2020 Conference of the Swedish House of Finance.…Read More
Some US states have created state-sponsored plans to help private-sector workers save for retirement. Assurance funds such as tontine pensions could help convert retirement savings into lifetime income, report Richard K. Fullmer and Jonathan Barry Forman in the RetireSecure blog.…Read More
With high unemployment and economic uncertainty in the wake of the pandemic, more people may need to claim Social Security benefits earlier than they’d planned, weakening an already troubled system. Wharton Prof. Olivia S. Mitchell discusses with host Dan Loney on Wharton Business Daily how savers and policymakers can build a stronger system for the future.…Read More
401(k) Rothification (using after-tax, not pre-tax, money for retirement contributions) may seem like a boon to government in a time of soaring deficits and Social Security shortfalls, but this would lead many to save less and cut tax revenue in the long term, Wharton Prof. Olivia S. Mitchell explains to Knowledge@Wharton, discussing her recent study.…Read More
Even before the pandemic, retirement systems were in trouble; fixing them will take a multifaceted effort, including changes to accumulation and payout, a shift in policymakers’ approach, and greater financial literacy among savers, Prof. Olivia S. Mitchell explains to Knowledge@Wharton.…Read More
