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elderly man inserting credit card to ATM

The brief’s key findings are: One reason young workers don’t save for retirement is that the event is so far off. An experiment to boost their saving tested different ads: abstract or concrete wording (“why you should save more now” vs. “how you can save more now”); and a short- or long-term savings goal (“how…

Mature man is hired to handle outreach to senior adults

As noted last week, one of the biggest challenges facing participants in 401(k) plans will be figuring out how to draw down their $100,000 balances in retirement.  Retirees have to decide how much to take out each year.  If they take out too much, they risk running out of money; if they take out too…