June 2025
13Jun

Dignity 2022: The Experience of LGBTQ Older Adults

By Cassandra Cantave Burton There are over 2.4 million LGBT adults over age 50 in the United States — a number expected to double by 2030 to over 5 million, according to Movement Advancement Project (MAP). A vast majority (85%) of older LGBTQ individuals are concerned about discrimination based on sexual orientation. They are also worried about how they will care for themselves and others. Two-thirds believe they will need someone to provide caregiving for them in the future and eight in...

June 13, 2025
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13Jun

Retired for how long? Worker expectations for how long they’ll live in retirement

By Paul J. Yakoboski,  Annamaria Lusardi & Andrea Sticha The influence of perceptions is noteworthy given that one-third of adults underestimate general life expectancy among 65-year-olds (and an additional one-quarter respond “don’t know” when asked). Workers who expect relatively short lifespans due to misperceptions about general life expectancy are at risk of accumulating inadequate financial resources for retirement. Their retirement planning horizon is “too short.” In addition, those with shorter expected lifespans appear less likely to plan and save for retirement. For example, about...

June 13, 2025
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13Jun

‘Scared of being pushed back into the closet’: Europe’s new LGBT+ retirement communities

By Estelle Nilsson-Julien For many older LGBTQ+ the prospect of moving into a retirement home is a worrying thought. But in Sweden, Spain and France new retirement communities for LGBTQ+ seniors are proving a hit. "Care home staff don't realise that they have LGBTQ+ residents - but based on population estimates we know they do. It's just that residents don't feel comfortable or safe being identified as LGBTQ+", explains Professor Paul Willis, an expert in social care. Older members of the LGBTQ+ community can "be at higher...

June 13, 2025
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13Jun

Immigration and Adult Children’s Care for Elderly Parents: Evidence from Western Europe

By Andrea Berlanda, Elisabetta Lodigiani & Lorenzo Rocco In this paper, we use the Survey of Health, Ageing, and Retirement in Europe (SHARE), complemented with register data on the share of the foreign population in the European regions, to examine the effects of migration on the level of informal care provided by children to their senior parents. Our main results show that migration decreases informal care among daughters with a university degree, while it increases the provision of informal care...

June 13, 2025
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13Jun

Boomers Aren’t Planning for a 30+ Year Retirement: 3 Reasons This Is a Mistake

The average number of years spent in retirement continues to grow, but many boomers aren’t planning to spend several decades in retirement. According to TIAA Institute’s “Retired for How Long?” report, most boomers (57%) plan to retire between ages 60 and 69 and nearly half (46%) believe they will live to age 90 or older. That means a significant portion of boomers will spend 30-plus years in retirement. Yet, only 9% are planning to spend that long in retirement. You Can Run Out of...

June 13, 2025
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06Jun

The Future of Financial Inclusion: Fintech, Microfinance, and Alternative Banking Models

By Selina Zhan Financial literacy refers to the ability to make informed financial decisions through acquiring relevant knowledge and skills such as investing, budgeting, and asset management. Individual financial literacy is crucial as many governments around the world are unreliable when it comes to providing adequate and stable financial support to their civilians. Additionally, as institutions become more and more exclusive with their increasingly complex products, the need for financial literacy grows, especially as the cost of retirement rises each...

June 6, 2025
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04Jun

Decumulation dilemmas: What are they and how to navigate them?

The investment lifecycle from accumulation to decumulation comes with many dilemmas but there are four key challenges in particular, according to Olivia Geldenhuys, head of investment specialists at Tatton Investment Management Speaking at the Personal Finance Society roadshow today (June 3), Geldenhuys explored strategies for managing risk and protecting portfolios during market downturns. She outlined there are four key challenges when it comes to decumulation which are: longevity risk, sequence of returns, inflation erosion, and behavioural biases. “Your role as a financial...

June 4, 2025
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03Jun

Study Shows Value of Personal Savings in Retirement

A recent national study validates the importance of having personal savings as a primary source of income in retirement. According to the study, personal savings (including individual retirement accounts and other investment accounts) are expected as a primary source of retirement income by government workers in the education (74%), public safety (78%), health and human services (75%), and other state/local government (73%) sectors. Along with a WRS pension, a supplemental retirement savings plan like the Wisconsin Deferred Compensation Program (WDC) is equally important for...

June 3, 2025
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May 2025
30May

Does Education Improve Financial Outcomes? Evidence from Stock Market and Retirement Accounts in Türkiye

By Abdurrahman Aydemir & Yarsan Ersan We examine the causal effect of education on financial outcomes related to stock markets and retirement savings, leveraging a major compulsory school reform and a unique data set covering the universe of investors in Türkiye. The estimates show no effects on participation rates, portfolio composition, or return performance. Moreover, education does not appear to influence behavioral biases or heuristics in retirement plans. The reform leads to a 3% increase in pension savings for females,...

May 30, 2025
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26May

More than a third of Americans say they want an ‘adventurous retirement’

Retirement is no longer just about rocking chairs, gardening, grandchildren, or afternoons on the golf course. Instead, it's evolving from what many consider a traditional retirement into something much more dynamic, said Andy Smith, executive director of financial planning at Edelman Financial Engines. "I think it's important that people remember that there is no one-size-fits-all solution to retirement, to retirement planning," Smith said in a recent episode of the Decoding Retirement podcast (see video above or listen below). "There's no one right way to...

May 26, 2025
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