Many American households have no retirement savings, and a majority have too little saved to fund their expected needs. Professors Richard Patterson and William Skimmyhorn look at strategies to boost retirement savings, at the RetireSecure blog.…Read More
State-run auto-enrollment IRAs generate savings for many, and meaningfully boost employee retirement assets, according to John Chalmers (University of Oregon), Olivia S. Mitchell (University of Pennsylvania), Jonathan Reuter (Boston College) and Mingli Zhong (Urban Institute). Via PlanSponsor…Read More
A new study shows first state-sponsored auto IRA program has positive impact on those who previously lacked access to a plan according to Profs. John Chalmers of University of Oregon, Olivia S. Mitchell of Wharton, Jonathan Reuter of Boston College and Urban Institute Researcher Mingli Zhong via ASPPA.…Read More
Maintaining and using a separate emergency savings account helps make households financially stronger and better able to save more for retirement, writes David John via the RetireSecure blog.…Read More
Older people are carrying rising debt, leaving them financially vulnerable. Wharton Prof. Olivia S. Mitchell discusses her recent Pension Research Council book “Remaking Retirement: Debt in an Aging Economy” at European Money Week.…Read More
Factors like unemployment and underage kids affect Black and Hispanic women’s financial well-being differently from White women, so targeted financial education should take this into account: Wharton’s Prof. Olivia S. Mitchell via Penn Today.…Read More
Older Americans’ growing debt leaves them vulnerable, especially African Americans, women, and the least educated. Greater financial literacy can help insulate against financial shocks, reports Wharton Prof. Olivia S. Mitchell via Knowledge@Wharton.…Read More
People taking early withdrawals from retirement accounts might not be able to repay in the 3-year penalty-free period; if taxes go up, they’ll owe even more money, explains Wharton Prof. Olivia S. Mitchell on ‘Kent on Money’. …Read More
Target date funds are game-changers for retirement plan member outcomes: Higher returns with lower risk, for minimal effort. Canadian Investment Review cites recent study by Prof. Olivia S. Mitchell of Wharton and Stephen P. Utkus of Vanguard.…Read More
Despite financial unknowns and a changing retirement landscape, there are steps you can take to improve your retirement security, explains Prof. Olivia S. Mitchell to Knowledge@Wharton: make a budget, be realistic, know your options.…Read More
