U.S. News & World Report reporter Coryanne Hicks spotlights MIT AgeLab director Joe Coughlin’s paper which explores how Americans reevaluated their retirement plans as a result of the pandemic.
Joseph Coughlin, director of the MIT AgeLab, writes for Forbes about the importance of comprehensive longevity planning. “As younger adults in their 30s, 40s, and 50s today, Millennials and Gen X’ers are catching a glimpse of their possible future selves in their parents aging,” writes Coughlin. “Now is the time to ask how are today’s choices and behaviors defining their older self tomorrow?”
Writing for Forbes, Joseph Coughlin, director of the MIT AgeLab, emphasizes the importance of including climate change as part of retirement planning. “Preparing for possible conditions and costs of climate change should now be part of our retirement plan,” writes Coughlin.
Joseph Coughlin, director of the MIT AgeLab, writes for Forbes about the importance of including story-based planning when anticipating retirement. “Crafting a retirement story explains why we do certain things, helps us share and discuss with others what is important to us and why, and enables us to anticipate possible futures – both desired and undesired,” writes Coughlin.
Writing for Forbes, AgeLab director Joseph Coughlin examines the impact of the increasing number of adult children who are living with their parents. “This evolving trend is not just about the changing definition of young adulthood, it is also about the changing definition of life stages across the life course, including retirement,” writes Coughlin.
A study from the MIT AgeLab shows that people who take out student loans for their children or grandchildren typically decrease the amount they save for their own retirement. “[I]f one’s loan obligations extend all the way into retirement age, then the time to begin saving may never arrive,” writes AgeLab Director Joseph Coughlin for Forbes.
AgeLab Director Joseph Coughlin writes for Forbes about the similarities and differences between retirement and summer vacation for kids. “Retirement positively dwarfs summer vacation in the amount of time involved—yet many peoples’ plans for retirement look a lot like plans for a summer vacation,” writes Coughlin.
In an article for Forbes, Joseph Coughlin, director of the AgeLab, provides tips for adult children planning to have difficult conversations with their parents about such topics as driving and housing. “Hanging up the keys or leaving the family home often places two sets of critical values at odds – freedom versus safety,” writes Coughlin.
Writing for Forbes, AgeLab Director Joseph Coughlin examines the importance of retirement planning, based off of a recent conversation he had with a Lyft driver. “Today’s retirement planning story must also add several chapters of imaginative, yet realistic, planning that go well beyond financial security and goal-setting alone,” writes Coughlin.
In an article for The Wall Street Journal, Senior Lecturer Robert Pozen writes that Congress should pass legislation allowing small employers to band together to provide employees access to a common retirement plan. Pozen notes that the new plan “also ought to further reduce the retirement-coverage gap by addressing the needs of part-time and seasonal employees.”
Writing for Science, Prof. Richard Larson writes about his decision to enter semiretirement as a professor, post-tenure, a position at MIT aimed at creating more positions for rising academics. Larson writes that after investigating the impacts of eliminating the mandatory retirement age for tenured faculty he realized he was inadvertently “blocking the way of many young scholars who seek academic careers.”
An MIT AgeLab survey finds that many Americans have unrealistic expectations for retirement, writes Richard Eisenberg for Forbes. Research scientist Chaiwoo Lee suggests that financial advisers use the survey results to “create messages and images and materials for potential clients and provide clients with a better education about life after career.”
The Economist reports on a new method for retirement income developed by Prof. Robert Merton and his colleague at France’s EDHEC Business School.
Joseph Coughlin, director of the AgeLab, writes for Forbes that lifelong education is a key component to job security and retirement planning, highlighting MIT’s online education offerings and MicroMasters programs. “People with the willingness and agility to learn new skills…are the most resilient players in an economy defined by sudden technological shifts and the rapid accumulation of new knowledge.”
In an effort to make it easier for Americans, in particular Latinos, to save for retirement, MIT alumnus Carlos García launched Finhabits, a “bilingual digital platform that gives investment advice and teaches and encourages individuals how to invest and save for retirement,” writes Kristina Puga for CNBC.