Women Need Help Improving Retirement ConfidenceFifty-three percent of women plan to retire after the age of 65, including 13% who do not plan to ever retire, according to the Transamerica Center for Retirement Studies. Of those who plan to work past retirement age, 58% say they want the income, 48% say they are concerned that Social Security will provide them with less income than they expected, and 47% say it will be because they cannot afford to retire because they will not have saved enough.
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Different Nudging Required for Auto Enrollment Plans Than Opt-In PlansA study from the TIAA Institute concludes that focusing on financial literacy and understanding of exponential growth is likely to be fruitful for getting defined contribution (DC) plan participants in an opt-in plan, while efforts targeted at procrastination tendencies are likely to be particularly important in automatic enrollment plans.
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