401(k) Retirement Plans Amplify Income Inequality and Racial Disparities

It’s bad enough that the move toward individual retirement plans has been a massive failure when it comes to providing average working Americans retirement security. But now there’s research that shows that our dependence on individual retirement plans adds fuel to the fire of racial and class inequities in ways that the pension plans that […]

Nudges Aren’t Enough for Problems Like Retirement Savings

Why don’t Americans save more for old age? Even when their employers promise to match their savings, workers often fail to salt away their earnings for the future, inexplicably leaving money on the table. Psychology has offered an answer: procrastination. And it has suggested a cure: rather than giving workers the choice to sign up […]

A Smarter Plan to Make Retirement Savings Last

LAST month, President Obama inaugurated yet another way to encourage Americans to save for retirement. In the new myRA accounts, workers can save up to $15,000 in a low-fee investment plan that, like a government savings bond, guarantees the principal. The accounts are a small step toward helping households save, but they are not an […]

Being in Control of Your Retirement Plan Is a Bad Idea

It sounds great, to be in control of your retirement plan. To make the investments you want to make when you want to make them. To be in control of a plan that has the flexibility to meet your particular retirement needs. And Americans now have more choice than they’ve ever had with their retirement […]