“He said that automatic enrollment into retirement savings plans leverages the power of defaults and inertia, so people are more likely to stay enrolled.”
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Said on Bloomberg Intelligence
“He said automatic enrollment into retirement savings plans works because of the power of inertia and defaults; kids should be auto-enrolled.”
Bloomberg Money · Supply Shocks Hit Your Wallet, Investor & Consumer Sentiments Diverge, Expensive Suburbs
Play from 15:59
15:59
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What was described
advocated automatic enrollment of children into retirement savings accounts (the "Trump accounts")
Said nearby on the same subject
“Automatic enrollment is great… if people don't have the high enough default deferral, if they don't have auto escalation, and if it's easy to pull out… tying together automatic enrollment, high default deferrals, locking up the money…”
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Said on The Long View
“On the first of every month, $1,500 moves automatically from her transaction account into an investment account and buys the index fund.”
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Said on Dev Raga Personal Finance
“Open a separate savings account, name it after your college or your exam, and set up an automatic transfer every payday that roughly matches what you'll need across the year”
DR
Dev Raga
Dev Raga Personal Finance ·
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