retirement Archives

The Best of 2019 at the PRC

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2019 was a busy year in the realm of retirement. Here are some of our most popular posts, papers, videos and news items for the year.…Read More

Workers are living longer and electing to work longer, so retirement as a concept is becoming outdated for many. Employers must encourage us to remain engaged & offer flexible work options, explains Wharton Prof. Olivia S. Mitchell to John D. Stoll at the Wall Street Journal.…Read More

Financial Literacy Apps Are More Important Than You Might Think

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Financial literacy helps people make better spending/retirement decisions and can help them save, find Profs. Annamaria Lusardi of GWSB and Olivia S. Mitchell of Wharton. New educational apps and games can also boost financial literacy & understanding, says Glenn Gillis at Independent Online. …Read More

The SECURE Act Will Boost Retirement Security

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The new SECURE Act includes retirement plan enhancements: Prof. Olivia S. Mitchell talks with David Brancaccio at Marketplace Morning Report how annuities will boost retirement wellbeing.…Read More

SECURE Act, signed by President, a game-changer for retirement plans

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The new SECURE Act will boost retirement security, including raising the required minimum distribution age to 72 and encouraging 401(k) plans to include deferred annuities as payout options, explains Wharton Prof. Olivia S. Mitchell to Erin Arvedlund of the Philadelphia Inquirer.…Read More

Congress Just Passed the Biggest Retirement Bill in More Than a Decade. Here’s What You Need to Know

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Congress finally passed the long-awaited SECURE Act: deferred lifetime income annuities can now be included in 401(k) plans to enhance improve retirement security, explains Prof. Olivia S. Mitchell of Wharton to Elizabeth O’Brien at Money.…Read More

Economists say a recession is coming: How can 401(k) investors prepare?

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Borrowing against your retirement savings can be tempting but counterproductive in a recession, says Nick Strain at MarketWatch, citing “Borrowing from the Future: 401(k) Plan Loans and Loan Defaults,” the Pension Research Council study by Timothy Jun Lu, Olivia S. Mitchell, Stephen P. Utkus and Jean A. Young.…Read More

The Short Life and Untimely Death of the MyRA

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A plan to fill the gaps in American’s pension system was kiboshed fewer than 18 months after launch. “The Short Life and Untimely Death of the MyRA” by Mark Iwry explains the proposal, its abrupt end, and where things might go next.…Read More

Would you take a money-back guarantee from a 401(k)? (The answer should be no)

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Are money-back guaranteed retirement accounts a good deal? Not now, explains Wharton’s Olivia S. Mitchell to MarketWatch here, citing her recent study with Vanya Horneff, Daniel Liebler, and Raimond Maurer (posted here).