Defined benefit pension payments could extend longer than a century for today’s new participants, affecting the plans’ funded ratios, explains Prof. Olivia S. Mitchell of the Wharton School via The Economist. (Subscription required)…Read More
Financial regret increases when older Americans are encouraged to consider their likely longevity, find economists Abigail Hurwitz of the Hebrew University of Jerusalem and Olivia Mitchell of the University of Pennsylvania’s Wharton School via MarketWatch. …Read More
60% of older survey respondents feel regret for not having saved more and claimed Social Security too young, report Profs Abigail Hurwitz of the Hebrew University of Jerusalem, and Olivia S. Mitchell of the University of Pennsylvania, via Think Advisor.…Read More
Providing people objective longevity information and survival probabilities could impact early financial decisions and alert people to retirement risk, find Profs. Abigail Hurwitz of the Hebrew University of Jerusalem and Olivia S. Mitchell of the Wharton School. Read paper here. …Read More
Wealth inequity by age is rising over time, making Social Security solvency especially important for cohorts with modest lifetime earnings and little wealth accumulation, report researchers John Sabelhaus of the Brookings Institute and Alice Henriques Volz of the Federal Reserve Board, via RetireSecure Blog. [Study here.]…Read More
Not understanding life expectancy and longevity risk lead many to undersave for retirement or forgo longevity insurance, report researchers Olivia S. Mitchell of Wharton and Abigail Hurwitz and Orly Sade of the Hebrew University of Jerusalem, via Alliance for Lifetime Income.…Read More
Recent study ‘Racial and ethnic differences in longevity perceptions and implications for financial decision-making’ by Professor Olivia S. Mitchell of Wharton and Profs. Abigail Hurwitz and Orly Sade of the Hebrew University of Jerusalem spotlighted by TIAA Institute in Q3 2022 Update.…Read More
Defaults on 401(k) disaster-relief hardship withdrawals trigger income tax plus a 10% penalty explains, Wharton Professor Olivia S. Mitchell via the WSJ.…Read More
Lower employment, marriage, and home ownership among Millennials expected to cause more retirement insecurity, explain researchers Richard Johnson and Karen Smith of the Urban Institute via Plansponsor. …Read More
Despite job losses, COVID’s effect on retirement savings was inconsequential – unlike the Great Recession – explains John Sabelhaus from the Brookings Institute via FinancialPlanning.…Read More
