Target-date funds in 401(k) plans can provide better returns, according to a new study by Wharton Prof. Olivia S. Mitchell and Stephen P. Utkus of Vanguard, cited in Pensions & Investments.…Read More
New CARES Act lets Americans take penalty-free withdrawals from their retirement savings, but many have no retirement accounts, while those who do cash out could face future shortfalls, Wharton Prof. Olivia S. Mitchell explains to CNBC Make It.…Read More
Low-income households’ retirement incomes have been rising and their poverty rates falling in recent decades due to rising Social Security benefits, but there’s still room for improvement, reported Andrew G. Biggs to PlanSponsor when discussing his recent study for the Pension Research Council. …Read More
Greater financial literacy could help most of us, especially when it comes to retirement planning! Prof. Benedict Koh discusses his results on financial literacy in Singapore in study coauthored with Olivia S. Mitchell and Susann Rohwedder, via Business Times.…Read More
Treasury Inflation Protection Securities better protect against inflation than stocks, says Wharton Prof. Olivia S. Mitchell in “Best Investment Apps for 2020” via CreditDonkey.…Read More
Ultra-low, negative interest rates are a reality, maybe for years to come: This changes how people save and invest. “Save more, work longer, expect less,” recommends Prof. Olivia S. Mitchell of Wharton to AP News.…Read More
Many firms are starting to offer financial wellness programs to reduce employees’ financial stress and help them save for retirement, says James Mahaney.…Read More
Mark Hulbert of MarketWatch cites new work by Wharton’s Prof. Olivia S. Mitchell & Stephen P. Utkus of Vanguard, showing that using target-date funds as 401(k) plan defaults makes participants far more likely to invest in them. …Read More
Taxing contributions to retirement accounts, or “Rothification,” boosts tax revenue in the short term. However, it would harm workers in the longer term, particularly the lower-paid, report Profs. Olivia S. Mitchell of Wharton and Raimond Maurer of Goethe University Frankfurt in the Wall Street Journal, citing their study.…Read More
Administration’s proposed 2021 budget identifies $92B+ in savings by 2030, including retirement benefit cuts for federal workers. Changes may prompt employees to defer retirement, explains Prof. Olivia S. Mitchell of Wharton to InvestmentNews.…Read More
