One of the biggest ways employers have managed to get people to save properly for retirement was making it opt out and automatically ramping up the withdrawal rate over time. You still don’t have to do so, but most people can’t be bothered thinking about retirement in any way.
People don’t really want self directed funds.
One of the biggest ways employers have managed to get people to save properly for retirement was making it opt out and automatically ramping up the withdrawal rate over time. You still don’t have to do so, but most people can’t be bothered thinking about retirement in any way.
Defaults are a powerful thing.