Newsletter Lisa A. Massena, CFA Newsletter Lisa A. Massena, CFA

Retirement Security Matters: September 22, 2022

Can you feel it? A slight change in the air. A crispness that you don’t remember being there last week. It’s true! Autumn is coming in two days and we’re ending the month with plenty-o-updates. So grab a milkshake (we take ours malted) and settle in:

  • Research docket and wealth gap surprises with Morningstar’s Aron Szapiro

  • State Auto IRA metrics – 36,000 new funded accounts in one month

  • A closer look at … Maine, Maryland, New Jersey, New Mexico, and New York

  • Can friction benefit retirement savers? Yes! Behavioral scientist Lindsay Juarez explains

  • Hot Sauce! Fresh research and some brain expanders

  • And, Pix of the week

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Best Practices Lisa A. Massena, CFA Best Practices Lisa A. Massena, CFA

Helping Users Plug the Leaks

As a retirement program manager, one of your biggest hurdles is getting people to open and fund an account. Behavioral science and a careful look at human decision making can help overcome this first step. Using defaults can increase the proportion of employees enrolled in a program. Leveraging precommitments can help people overcome procrastination and keep contributions in line with inflation. These changes can shift participation by impressive amounts!

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