Integrating Behavioral Finance into DC Plans
This discussion will explore how behavioral finance can be integrated into a DC plan to addresses various participant needs and behavioral constraints. We will take a closer look at how participants have reacted to the recent market volatility - in particular, how target date funds and other options on the menu might impact their ability to reach their retirement goals. We will also explore what retirement income options should be included in the plan. Can a single income solution sufficiently address the majority of participant needs?