Tag: 403(b)
![The power of words being typed](https://crr.bc.edu/wp-content/uploads/2022/02/typewriter.png.webp)
Employers have learned over the years that understanding employee psychology is critical to getting them to save for retirement. Researchers have landed on a novel idea along those lines: explain to employees that they have an opportunity to save in a 401(k) or increase their 401(k) saving on a future date that represents a fres…
![older couple with advisor discussing finances](https://crr.bc.edu/wp-content/uploads/2022/12/older-couple-with-advisor-discussing-finances.jpg.webp)
Retirees have long been reluctant to spend the money they’ve accumulated in their 401(k) savings plans. But it also used to be common for retirees to have a traditional pension to cover their regular expenses. By the time the baby boomers came along, pensions were available to a dwindling minority of workers, and it isn’t…