retirement Archives

Americans are saving the least they have since 2005. Here’s why that matters.

Stacks of coins are arranged in decreasing order on a table, with a person in the background holding their head, suggesting financial stress or concern.

Despite low saving rates, Americans should consider tapping reserves over taking on debt to cover future expenses, says Olivia S. Mitchell of the Wharton School. Via liherald.com.…Read More

You Might Live Longer Than You Think. Your Finances Might Not.

Close-up of a pair of elderly hands clasped together, symbolizing age, wisdom, and experience.

People are uninformed about longevity risk, leading them to undersave and over consume, report Abigail Hurwitz of the Hebrew University of Jerusalem and Olivia S. Mitchell of the Wharton School. Via Wall Street Journal. (Subscription required). …Read More

China’s Population Peak: Just the Tip of the Iceberg

An outdoor view of a "China Welfare Lottery" store. The storefront is red with Chinese characters and logos, while watermelons are displayed at the entrance. Several people are inside the shop.

Population changes in China leave more older people vulnerable, increasing the importance of research and policy initiatives to meet challenges, explains Professor John Piggott of the University of New South Wales, Australia. Via RetireSecure Blog. …Read More

Life expectancy in the U.S. has declined. What does that mean for your retirement?

An elderly couple stands outdoors on a sunny day, looking into the distance. They are dressed warmly and a rural landscape is visible behind them.

Falling U.S. life expectancy ignores longevity dispersion, misleading Americans as they prepare for retirement. A risk-management mindset is needed instead, advise Olivia S. Mitchell of the Wharton School and Moshe Milevsky of York University. Via MarketWatch.…Read More

Pension Pooling and the Randomness of Age

Hands hold a necklace with letter beads spelling "Age is just a number" over a cream knit sweater, symbolizing a positive outlook on aging.

Should chronological or biological (risk-adjusted) age drive retirement claiming? Longevity research suggests the latter, per Prof. Moshe A. Milevsky of York University, via RetireSecure blog. …Read More

Why Older Americans Regret Not Saving Early and Enough

An older couple standing on a beach, with one embracing the other. They appear relaxed and are gazing into the distance, suggesting a moment of tranquility and connection.

Lacking longevity awareness, many older Americans haven’t saved enough for retirement. Better understanding of retirement risk management could strengthen their financial resilience, according to Wharton Prof. Olivia S. Mitchell, via Knowledge at Wharton.…Read More

The death question: How to talk to clients about their life expectancy

A bar graph with an upward trend line, stacks of coins symbolizing financial growth, and miniature figures representing people.

Prompting people to think about longevity can positively affect their financial decisions and plans for the future, says Olivia S. Mitchell of Wharton’s Pension Research Council, via FinancialPlanning. …Read More

Who Benefits Most From Annuity Purchases?

A computer keyboard with a blue key labeled "Deferred Annuity," representing a financial product or investment concept.

Including deferred income annuities in DC accounts can enhance retiree financial well-being, report researchers Vanya Horneff and Raimond Maurer of the Goethe University Frankfurt, and Olivia Mitchell of the University of Pennsylvania. Via ThinkAdvisor. …Read More