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https://www.wsj.com/articles/retirement-savings-behavioral-techniques-f2f17985

How to Use Behavioral Nudges to Increase Retirement Savings

The Secure Act 2.0 will help a lot. But there’s much more that can be done.

Retirement plans could use additional changes to spur savings. Alex Nabaum
By Shlomo Benartzi

The Secure Act 2.0 is a great start. But it is only just a start.

The bipartisan legislation recently signed by President Biden requires that all new retirement savings plans incorporate a savings autopilot starting in 2025. This means that workers are automatically enrolled in their retirement plans unless they opt out, and their savings rates are gradually escalated over time.

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.