Items tagged with retirement:
News & Updates:
“This really has a very strong benefit for a variety of people. These things are really cheap and you get great protection.”
Professor Olivia Mitchell discusses how lifetime annuities can be an important part of a retirement plan.
Faculty Affiliate Olivia Mitchell comments on the juxtaposition of General Electric’s $45 billion in stock buybacks in recent years to their growing pension liabilities.
“It’s a clear tension. Buybacks clearly use assets available not to fund the pension promise but to make shareholders happy.”
Faculty Affiliate Professor Katherine Milkman’s new findings on ‘nudges’ were published in Psychological Science, offering a low-cost, high-reward strategy for intervention in government. Nudges encourage certain behaviors - like retirement saving, college enrollment, energy conservation and more - without limiting the options available to the individual.
She states, “The changes in behavior produced by nudges tend to be quite cost effective relative to those produced by traditional policy tools – so there is a big opportunity to use nudging more widely in government in conjunction with traditional policy tools.”
U.S. Household income grew to almost $95 trillion, with rapid expansion in Q1 2017. Trade for April, however, dropped, as did the pound against the dollar. The Fiduciary Rule, written to protect those saving for retirement, also partially went into effect.
In a biographical piece on Cecil Exum, Marriott’s longest serving employee, Professor Peter Cappelli comments on how unique the 79-year-old is in today’s economy.
“Experienced workers are higher paid, and if you’re trying to save money, you can save more, faster, by getting rid of older workers,” he said. “Fewer people are making it to traditional retirement age with one longtime employer.”