Tag: savings
The brief’s key findings are: Defaults, such as 401(k) auto-enrollment, have encouraged people to adopt behaviors that align with their intentions. Researchers have begun to explore what happens when the default may not align with intentions. A new experiment tested whether defaults could encourage low-income tax filers to invest about 10 percent of their refunds…
The brief’s key findings are: Since many households fail to shift their 401(k) assets towards less risky investments as they age, target date funds do it automatically. Conventional target date funds rely only on the participant’s age to determine the asset allocation strategy. In contrast, semi-personalized target date funds add information on the participant’s earnings,…
