Mark Miller: Less Investment Choice = Better Retirement Outcomes

The Long View

Aug 14, 2019•51 min•Ep. 16

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Episode description

Our guest on the podcast today is Mark Miller, a nationally recognized expert on trends in retirement and aging. Miller's work considers retirement holistically, including healthcare and Medicare, Social Security, retirement investing, midlife careers, and housing. Miller is a regular contributor to Morningstar.com, and he also writes about retirement matters for Reuters, The New York Times, and WealthManagement.com. In addition, Miller has written several books, including The Hard Times Guide to Retirement Security and his most recent book, Jolt: Stories of Trauma and Transformation.

Background Information

Related Links

State of Retirement Preparedness in U.S.

U.S. Retirement Savings: Statistics and Facts (Statista)
"How Much Income Do Retirees Actually Have? Evaluating the Evidence from Five National Datasets," by Alicia H. Munnell and Geoffrey T. Sanzenbacher (November 2018, Center for Retirement Research working paper)
"How Retirement Readiness Varies by Gender and Family Status: A Retirement Savings Shortfall Assessment of Gen Xers," by Jack VanDerhei (Jan. 17, 2019, Employee Benefit Research Institute)
"Retirement Savings Shortfalls: Evidence from EBRI's 2019 Retirement Security Projection Model," by Jack VanDerhei (March 7, 2019, EBRI)
Perspectives on Retirement Readiness in the United States (May 13, 2016, SEC's Office of the Investor Advocate)
2019 Retirement Confidence Survey (EBRI)
"Is There Really a Retirement Crisis?," Aron Szapiro and Christine Benz (May 7, 2019, Morningstar.com)
"Retirement Prospects for the Millennials: What Is the Early Prognosis?," by Richard W. Johnson, Karen E. Smith, Damir Cosic, and Claire Xiaozhi Wang (November 2017, Center for Retirement Research working paper)
"Retiring Earlier Than Planned: What Matters Most?," by Alicia H. Munnell, Matthew S. Rutledge, and Geoffrey T. Sanzenbacher (February 2019, Center for Retirement Research working paper)

The State of Work for Older Adults

"Working Longer: Older Americans' Attitudes on Work and Retirement," by Jennifer Benz, Matt Sedensky, Trevor Tompson, and Jennifer Agiesta (2013, The Associated Press-NORC Center for Public Affairs Research)
"Surprising Reasons Boomers Are Working Longer," by Martha Deevy (Dec. 26, 2012, NextAvenue)
"More Older Americans Are Working, and Working More, Than They Used To," by Drew DeSilver (June 20, 2016, Pew Research Fact Tank)
"Why Working Till Whenever Is a Risky Retirement Strategy," by Mark Miller (May 16, 2019, The New York Times)
"Should Working Longer Be a Part of Your Retirement Plan?" Mark Miller and Christine Benz (July 30, 2019, Morningstar.com)
"Finding the Bright Side in a Graying U.S. Workforce," by Mark Miller (Jan. 17, 2019, RetirementRevised)
"How Does Delayed Retirement Affect Mortality and Health?," by Alice Zulkarnain and Matthew S. Rutledge (October 2018, Center for Retirement Research working paper)

Fixing Retirement at an Individual Level

"How to Blend Work and Retirement," by Mark Miller (Sept. 2, 2018, RetirementRevised)
"Treat Your Work As a Retirement Asset," by Mark Miller (June 25, 2019, Morningstar.com)
"The Uptick in Annuities," by Mark Miller (May 28, 2019, Morningstar.com)
"How to Bridge a Retirement Shortfall," by Christine Benz (Jan. 28, 2019, Morningstar.com)
"How Life Expectancy Affects Retirement Planning," by Mark Miller (Feb. 19, 2019, Morningstar.com)
"Women Need Better Advice, Earlier Planning," by Christopher Robbins (June 17, 2016, Financial Advisor)
"How Much Can I Spend in Retirement? A Guide to Investment-Based Retirement Income Strategies," by Wade D. Pfau (June 30, 2018, Retirement Insight and Trends)
"Estimating the True Cost of Retirement," by David Blanchett (June 30, 2015, Retirement Insight and Trends)
"Inflation-Linked SPIAs Are a Bad Deal," by David Blanchett (May 20, 2019, Advisor Perspectives)

Social Security

"Is It Time to Raise Social Security's Retirement Age?," by Mark Miller (March 14, 2019, RetirementRevised)
Social Security Calculators
Social Security Solutions

Healthcare for Retirees

"Retirement Healthcare Costs: Let's Get Real," by Mark Miller (July 16, 2019, Morningstar.com)
"Retirement Healthcare Costs: Strategies for Meeting the Challenge," by Mark Miller (Aug. 6, 2019, Morningstar.com)
"5 Key Retiree Healthcare Trends," Mark Miller and Christine Benz (Nov. 12, 2018, Morningstar.com)