Solving the retirement preparation crisis in this country is not nearly as hard as many people think. Robert Reynolds, president and CEO of Putnam Investments, pointed out that we have 30 years of experience with retirement accounts and we know exactly what works. It’s simple: automatic enrollment (with opt-out instead of the more common opt-in) and automatic escalation. Below, I explain the basic facts Mr. Reynolds laid out for me in a recent interview.
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