retirement Archives

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

Financial literacy: The importance of a new field

An open book with a tree growing out of it, with branches and leaves made of money, symbolizing knowledge leading to wealth. In the background are blurred chalkboards.

Researchers Annamaria Lusardi of Stanford’s SIEPR and Olivia S. Mitchell of Wharton’s Pension Research Council founded the new field of financial literacy, key for personal finance teaching and retirement policy; see their blog VoxEU.…Read More

Research finds pensions struggle to determine metrics for ESG goals

Stacked coins with small green plants on top, arranged in ascending order, symbolizing financial growth and investment.

Institutional investors adopt cautious approach to ESG investing in retirement plans, notes Executive Director of Wharton’s Pension Research Council, Olivia S. Mitchell, via BenefitsCanada.com.…Read More

Customized Benefits, Financial Literacy Are Key to Closing the Racial Retirement Savings Gap

A person working at a table with a laptop, analyzing charts on paper, in a bright living room. A mug is visible in the foreground.

Employee financial wellness programs and IRA auto-enrollment help address racial disparities in retirement preparedness, explains Wharton Prof. Olivia S. Mitchell, via Plansponsor.…Read More

Are U.S. seniors among the developed world’s poorest? It depends on your point of view

Elderly hands counting a few coins on a wooden table, with a pair of glasses nearby.

Poverty high for Americans 65+ vs other countries, but below that for prime age folks and improving, explains Wharton Prof. Olivia S. Mitchell, via CNBC.…Read More

Pension Funds and Sustainable Investment: Challenges and Opportunities

A small plant growing from a coin inside a glass jar, with a hand adding another coin with a sprout, symbolizing financial growth and investment in a natural setting.

Should ESG criteria drive pension investments? Researchers explore past, present, & future impacts of ESG investing on pensions in the Wharton Pension Research Council’s new volume, “Pension Funds and Sustainable Investment: Challenges and Opportunities,” available from Oxford University Press. Via Plansponsor.…Read More

This new law made saving for retirement more complicated

Office workspace with a calculator, a small piggy bank, glasses, a pen, and papers on a clipboard and notepad, set on a wooden desk.

Losing tax deductions for retirement plan catch-up contributions will lead people to contribute less. This will reduce retirement security, says Prof. Olivia S. Mitchell of Wharton’s Pension Research Council, via The Oregonian. …Read More

Mortality Postponement and Compression at Older Ages in Human Cohorts

A couple walks side by side, each pushing a bicycle, on a sunlit park pathway. They are dressed in casual fall clothing, with a backdrop of greenery and trees.

Longevity to increase substantially in coming decades! So save more and keep healthy to boost old-age security, reports Prof. David McCarthy of the University of Georgia’s Terry College of Business, via IPRA webinar.…Read More