Explore key takeaways from the 2024 @PensionResearch symposium on behavioral factors and #FinancialLiteracy; Prof. @OS_Mitchell @Wharton explains why #saving is challenging yet essential for a secure #retirement. Read the @whartonknows article here: whr.tn/4dFkmb6
PRC
@PensionResearch
The Pension Research Council at the Wharton School of the University of Pennsylvania
#Pensions #Retirement #FinancialLiteracy
#Pensions #Retirement #FinancialLiteracy
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#Aging nations and declining #FinancialLiteracy put #retirees at risk. @CEPAR_Research Partner Investigator & @Wharton Prof. @OS_Mitchell shows how deferred annuities can protect lifetime income. #RetirementPlanning Read more below.
whr.tn/3YtiBJK
whr.tn/3YtiBJK
Experts at an #ERISA Advisory Council hearing for the @USDOL recommend adding #annuities to DC plans to hedge against longevity risk. @Wharton Prof. @OS_Mitchell supports a default annuity structure for simpler decisions later in life. #RetirementPlanning whr.tn/3LpDeyx
New @NBER @Pensionresearch study shows #SECURE20 rule letting firms match #studentloan payments with #401k contributions boosts #loanrepayment & builds #retirementsavings. @Wharton Prof @OS_Mitchell predicts the program to be attractive for #higherskilled. bit.ly/3zhDxsK
What do older Americans regret most? Not saving enough, retiring too soon, and not buying long-term care insurance. Profs Abigail Hurwitz & @OS_Mitchell conclude #proactiveplanning is essential. #FinancialRegrets #RetirementPlanning Read more here. whr.tn/4eiGF7F