retirement Archives

A rude awakening: Lack of financial literacy hurts the young. What about older people?

A person with short gray hair and glasses sits on a leather sofa, holding a laptop and gazing thoughtfully into the distance.

Wharton Professor Olivia S. Mitchell reminds us that financial literacy isn’t just for the young – without it, we also face retirement risk. Learn about financial literacy for aging retirees here.…Read More

Pension Funds and Sustainable Investment: Challenges and Opportunities – Update

The image is a book cover titled "Pension Funds and Sustainable Investment: Challenges and Opportunities." It is edited by Brett Hammond, Raimond Maurer, and Olivia S. Mitchell. The design features a classical figure holding a cornucopia against a

Our newest volume Pension Funds and Sustainable Investment: Challenges and Opportunities is now available open access via Oxford University Press.…Read More

Closing the Racial Retirement Gap

A couple embracing in a garden setting, with a house in the background, surrounded by trees and plants. One person holds a set of keys.

Researchers debate retirement challenges for Black and Hispanic Americans with financial wellness, better policy, and enhancing generational wealth: 2023 Pension Research Council Symposium, via Knowledge at Wharton.…Read More

Health Savings Accounts through a Gender Lens

Documents labeled "HSA Health Savings Account" alongside a calculator, pen, and glasses on a desk, representing financial planning.

Health Savings Accounts (HSA) have grown over the past 16 years, providing retirees with added financial security, explain Nevenka Vrdoljak and Susan Feng of Bank of America. Via RetireSecure blog.…Read More

Should I stay or should I go: When does it make sense to stay in my employer 401k plan after retirement?

A calculator, pen, and dollar bills lie on a wooden surface next to a notepad with "ROLL OVER IRA" written on it, representing financial planning or retirement savings.

Though IRAs can provide great investment options and sophisticated advice for retirees, many may benefit from remaining in company 401(k) plans after leaving their jobs, explains Catherine Reilly, retirement and investment expert, via RetireSecure blog.…Read More

401(k) plans leading the way toward retirement security, but room for growth, experts say

A couple sitting at a table in a bright room, reviewing a document and an electronic tablet. There are two mugs and a smartphone on the table.

Unlocking retirement potential: 401(k) plans have improved retirement prospects yet many still expose retirement savers to longevity risk. Wharton Professor Olivia S. Mitchell recommends bolstering #DC plans with deferred annuities. Via PIOnline.…Read More

UAW wants pensions back. Automakers really don’t

A mechanic with glasses and gloves working on a car engine inside an automotive garage. Sunlight is streaming in, illuminating the scene.

Though the United Auto Workers want traditional defined benefit plans restored, Olivia S. Mitchell, Executive Director of Wharton’s Pension Research Council argues that deferred annuities in a 401(k) plan provide more secure retirement incomes for today’s labor force, via Investment News.…Read More

The UAW’s ‘record contract’ hinges on pensions, battery plants

An automotive assembly line with several partially assembled car bodies. Workers in blue uniforms are inspecting or working on the vehicles. The environment is industrial and brightly lit.

Including annuity options in company 401(k) plans could provide UAW retirees assurance of lifetime income, says Wharton Professor Olivia S. Mitchell, via Reuters.…Read More

Young Adults Perspectives on Global Issues versus Personal Finance

A small group of people having a meeting or consultation. An older person with short white hair is discussing documents with two younger individuals, seated on a sofa. A laptop and glass of water are visible.

Young adults are committed to solving global problems yet they are less optimistic and less engaged in financial matters. Financial education, retirement planning, and workplace benefits participation can help manage financial stress and improve long-term outcomes for this cohort, report Surya Kolluri and Emily Watson of the TIAA Institute and Jeanne de Cervens of the Georgetown University McDonogh School of Business. Via RetireSecure blog. …Read More