Tag: retirement planning
Introduction A wise old colleague once quipped that the teacher is the only one who ever learns anything in a classroom. We hope this isn’t so with the retirement-education game we recently developed. That is, we hope those who play the game actually learn something. But the punch line of the quip certainly turned out…
Abstract This paper investigates two methods for improving participants’ asset allocations in their 401(k) plans: personalized online advice and managed account services. This paper uses a unique new dataset of individual-level administrative data from one 401(k) plan and recommendation data from an advice provider. Preliminary results suggest that online advice and the managed account servic…
