The end of defined-benefit pensions and a volatile stock market have made many Americans skeptical that they can retire comfortably. Is a new model emerging for how we plan for retirement? A panel of experts and practitioners talks about policies to help us bolster our retirement savings.
Investment companies including Fidelity, Putnam Investments, and Voya Financial are rolling out tools that tell investors how their retirement savings compare to those of their peers. This social comparison is intended to motivate investors to increase their savings; however, new research shows that it can have the opposite effect.