Tag: Income Projections
New bill requiring 401(k) income projections is a good idea. Very little is happening on Capitol Hill with regard to retirement. Hence, I’m always delighted to find a piece of legislation – big or small – that moves the system in the right direction. The Retirement Enhancement and Savings Act of 2018, a bundle of…
The brief’s key findings are: One barrier to saving may be ignorance about how it translates into retirement income. A recent study conducted a field experiment to see whether providing workers with retirement income projections affected the amount they saved. The results show that such projections, accompanied by information on retirement planning, could modestly increase saving. T…
