Keys to a better financial future – Lowell Sun

Their program, called Save More Tomorrow, or SMarT, is intended for employers who want to increase employee savings rates in 401 (k)-type plans. In their book “Nudge, ” authors Richard Thaler and Cass Sunstein applaud the success of the SMarT program, in general, and the automatic escalation feature, specifically:  “By synchronizing pay raises and savings increases, participants never see their take-home amounts go down, and they don’t view their increased retirement contributions as losses.

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