Fattening Up Your 401(k) Will Be Easier Than Losing Weight in 2018
By Suzanne Woolley
Many people underestimate how big a role inertia plays in blocking decision-making, says Dan Egan, director of behavioral finance and investing at New York-based online investment adviser Betterment, which automates many financial tasks for clients. “Automation is a way of making a decision once and having it permanently overcome that inertia,” he said. Across the country, many workplace savings plans are automatically enrolling workers, with some also bumping up workers’ contribution every year—without the employee doing a thing.