Retirees’ biggest regret is saving too little, as Wharton Professor Olivia S. Mitchell explains to Robert “Bob” Powell of Decoding Retirement. Via yahoo!finance. …Read More
How to avoid retirement regrets
social security
Elon Musk’s claims of Social Security fraud don’t hold up. Here’s why.
Social Security coding quirks and outdated technology, account for the 150-year-old Americans in the database, explains Wharton Professor, Olivia S. Mitchell, via The Washington Post.…Read More
Social Security ‘Fairness’ Doesn’t Come for Free
The Social Security Fairness Act fails to address the system’s deeper financial issues and exacerbates the program’s financial instability, warns Olivia S. Mitchell, Executive Director of Wharton’s Pension Research Council, via thinkadvisor.com.…Read More
Will the Social Security Fairness Act Bankrupt SSA Trust Funds?
By passing the Social Security Fairness Act, Congress not only continues to neglect the system’s looming insolvency but also accelerates its arrival, argues Olivia S. Mitchell of the Wharton School argues, via newsweek.com.…Read More
How Annuities Can Enhance Retirement
In a research paper (Jan. 2023), co-authors Vanya Horneff and Raimond Maurer from Goethe University at Frankfurt, and Olivia S. Mitchell from Wharton underscore the value of integrating deferred income annuities into retirement plans. Their study suggests that waiting until age 70 for Social Security benefits, alongside the SECURE 2.0 Act’s emphasis on annuities, can significantly enhance retirement welfare. This highlights a valuable strategy for retirees to optimize their benefits and improve financial security. …Read More
Why Retirement Gets Better with Annuities
Retirees who earned more benefit most from deferred income annuities, while the lower-paid fare better by delaying claiming Social Security. Prof. Olivia S. Mitchell makes the case here: Knowledge at Wharton. …Read More
U.S. lags globally on retirement due to health, quality of life issues
Social Security offers more than most other countries’ retirement systems, but restoring its solvency is key to Americans’ retirement security, says Wharton Prof. Olivia S. Mitchell, via InvestmentNews.…Read More
Social Security Expert Claims Program ‘Faces Big Trouble’ — 60% of Americans Are Very Concerned
Social Security benefit payments have exceeded revenue for more than a decade. Uncertainty over program solvency makes it difficult to plan for retirement, explains Wharton Professor Olivia S. Mitchell, via aol.com.…Read More
The Good Old Days: Was the Pension Era Really as Good as Its Reputation?
Defined benefit pensions often paid lifetime income streams, but many workers were not included; some companies also underfunded the plans. Defined contribution plans plus Social Security offer more Americans retirement security, explains Wharton Prof. Olivia S. Mitchell, via PlanAdvisor. …Read More
Will you receive Social Security checks when you qualify?
Younger generations will need to work longer, save more, and expect less from the government in retirement, warns Wharton Professor Olivia S. Mitchell, via CBS News.…Read More