Here are some of the latest reports, surveys, and studies related to retirement, including research into retirement planning for our military service members, money-back guarantees for IRAs, and improving Medicare benefits.
Because today is Veterans Day, we thought it fitting that our retirement-related research feature should delve into issues relating to retirement planning for our service members. Recently, the U.S. Government Accountability Office released some recommendations about military pensions.
According to the GAO report: In 2016, the Department of Defense (DOD) and the military service branches began providing training to help service members make informed decisions about the military's new retirement system.
The training courses incorporated many effective financial literacy practices. However, some of them do not assess service members' financial literacy. DOD could use such assessments to ensure its courses are effective and revise the courses in areas where service members need more assistance.
DOD could also do more to help service members understand how lump sums -- an optional form of payment for some retirement benefits under the new system -- are calculated, says the GAO report.
More retirement-related research:
Center for Retirement Research at Boston College: How Would More Saving Affect the National Retirement Risk Index?
University of Pennsylvania, Wharton School, Pension Research Council: Implications of Money-Back Guarantees for Individual Retirement Accounts: Protection Then and Now
U.S. House Ways and Means Committee: Investing in the U.S. Health System by Lowering Drug Prices, Reducing Out-of-Pocket Costs, and Improving Medicare Benefits
Kaiser Family Foundation: What's the Latest on Medicare Drug Price Negotiations?
U.S. Special Committee on Aging: Falls Prevention: National, State, and Local Solutions to Better Support Seniors
U.S. Congressional Budget Office: CBO's Medicare Beneficiary Cost-Sharing Model: A Technical Description
U.K. Care Quality Commission: State of Care 2018/19, (October 2019, .pdf format, 105p.)
Kaiser Family Foundation: How Will The Medicare Part D Benefit Change Under Current Law and Leading Proposals?
U.S. Government Accountability Office: Medicare: Spending on Certain Disposable Wound Care Devices in Home Health
United Nations Department of Economic and Social Affairs: World Population Ageing 2019: Highlights
AARP Public Policy Institute: Unlocking the Potential of Emergency Savings Accounts
University of Pennsylvania, Wharton School, Pension Research Council: How Much Should the Poor Save for Retirement? Data and Simulations on Retirement Income Adequacy Among Low-Earning Households; Financial Well-being of State and Local Government Retirees in North Carolina; and Household Debt and Aging in Japan
Center for Retirement Research at Boston College: How Do Older Workers Use Nontraditional Jobs?
U.S. Government Accountability Office: Social Security Benefits: SSA Needs to Improve Oversight of Organizations that Manage Money for Vulnerable Beneficiaries
U.K. Office for National Statistics: National population projections: 2018-based US Administration on Aging:
Irish Longitudinal Study on Ageing: Loneliness, social isolation, and their discordance among older adults
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Here are some of the latest reports, surveys, and studies related to retirement, including research into retirement planning for our military service members, money-back guarantees for IRAs, and improving Medicare benefits.Subscribe for full article
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