Study: Education level should drive decisions on Social Security, annuities

Lifetime income & education levels should inform key financial decisions in retirement, including when to claim social security and how to invest, report Wharton researcher Olivia S. Mitchell, with Goethe University Frankfurt scholars Vanya Horneff and Raimond Maurer. Via InsuranceNewsNet. Read More

These are the people who benefit most from delaying required minimum distributions

‘Do Required Minimum Distribution 401(k) Rules Matter, and For Whom? Insights from a Lifecycle Model:’  Wharton Prof. Olivia S. Mitchell notes that raising the RMD age would have little effect on most people, but would help wealthier retirees leave a legacy, via MarketWatch. Full paper here.Read More