40% of older Americans dealing with debt, rising housing costs, student loans, and medical expenses, explains Wharton’s Olivia S. Mitchell to Chris Taylor of Reuters.
Target date funds can pay retirement savers higher returns with lower risk, report Wharton Prof. Olivia S. Mitchell and Stephen P. Utkus of Vanguard in their new study. Including them as defaults on plan menus can boost retirement wealth by half, over a 30-year horizon cited by Plansponsor and Canadian Investment Review
Prof. Olivia S. Mitchell served on the 2014-5 Chilean Pension Reform Commission, explains that proposed pension reforms thus far will help but not solve Chile’s old-age system problems. Read more here
Executive Director, Pension Research CouncilDirector, Boettner Center for Pensions and Retirement ResearchInternational Foundation of Employee Benefit Plans ProfessorProfessor of Business Economics and Public PolicyProfessor of Insurance and Risk Management
Ph.D., Economics, University of Wisconsin-Madison, 1978