Recognizing households’ needs for flexibility, while discouraging overconsumption, how much liquidity should be built into a socially optimal savings system?
Retirement Plan Design
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Many healthcare sector employees have made changes to their retirement saving and investments since the onset of COVID-19. Nonetheless, confidence in the amount they are saving and in the investment of their savings has been shaken.
Behavioral prompts that encourage reflection on goals and future needs can have significant effects on asset allocation decisions and expected returns.
Behavioral prompts that encourage reflection on goals and future needs can have significant effects on asset allocation decisions and expected returns.
Automatic enrollment has proven to be a powerful means of encouraging retirement plan participation in the private sector.
Automatic enrollment has proven to be a powerful means of encouraging retirement plan participation in the private sector.
Retirement plans differ in whether employee or employer contributions are mandated, leaving a critical role for voluntary contributions.
The growth of defined contribution retirement plans has brought new estate-planning challenges for participants.
Most retirement plans let participants allocate their contributions among a menu of investment options – and this decision can have a substantial effect on a retirement portfolio’s ultimate value.