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

#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

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

Only 14.5% of undergraduates surveyed were proficient on a basic #financialliteracy test, revealing the pressing need for schools to prioritize/enhance #financialeducation! Fortunately, #FederalReserve employees fared better. #FinancialLiteracy #HigherEd whr.tn/4ekFbd6

Join us on July 12, 2024, for a Fireside Chat with @emollick: The Potential Impacts of Large Language Models for an Aging World (Virtual Webinar). Presented by the International Pension Research Association (IPRA). pensionresearchcouncil.whart…

Some firms make matching #401k contributions when employees repay #studentloans. New study by @Wharton's Prof. @OS_Mitchell shows this boosts consumption and enhances retiree #wellbeing.  Read the @Marketplace discussion here. whr.tn/3X0Sp8J

Interested in #sustainableinvesting? Pension Funds and Sustainable Investment: Challenges & Opportunities explores environmental, social, and governance criteria in #pensionfund investing, along with potential risks and rewards of #ESGintegration whr.tn/4dIWW5l

.@OSMitchell @Wharton closes the #PRCSymposium2024 “#Retirement Saving, #Investment, and #Spending: New Lessons from #Behavioral Research” @PensionResearch. Thanks to co-host @NickRoussanov @Wharton, presenters, staffers, and participants for making it a success!

.@MikeOrszag @WTWcorporate is moderating the Roundtable “Insights from #BehavioralResearch for #Retirement Policy and Practice” with Will Sandbrook @NESTInsight, Francisco Gomes @LBS, and Dan Goldstein @dggoldst @MSFTResearch. #PRCSymposium2024 @PensionResearch

.@DrSudiptoBaner1 @TRowePrice provides discussant comments for the #PRCSymposium2024 @PensionResearch

.@KopeckyEcon @ClevelandFed presents: “Reforming the US Long-Term Care Insurance Market” with R. Anton Braun @GRIPS_English #PRCSymposium2024 @PensionResearch

Aaron Goodman @Vanguard_Group presents: “Does 401(k) Loan Repayment Crowd Out Retirement Saving? Evidence from Administrative Data and Implications for Plan Design” with John Beshears and David Laibson @Harvard; James Choi @YaleSOM; Joel Dickson and @FionaGreigDC @Vanguard_Group.

David John @AARP provides discussant comments at the #PRCSymposium2024 @PensionResearch

Michaela Pagel @WUSTL presents: “Patterns of #Consumption and #Savings around #Retirement” with Arna Olafsson @CBScph. #PRCSymposium2024 @PensionResearch

Susann Rohwedder @RANDCorporation presents: “Insights on #EconomicWellbeing at Older Ages from Analyses of Household Spending” with Michael Hurd @RANDCorporation. #PRCSymposium2024 @PensionResearch

David Richardson @TIAAInstitute to moderate session on “Spending Challenges” #PRCSymposium2024 @PensionResearch