CHICAGO One of the greatest challenges for retirement is getting people to save. There is no hope for those who never save.
In a panel discussion Thursday at the Morningstar Investment Conference, Steve Wendel, the principal scientist at Morningstar's HelloWallet, hailed default contribution options as a key to getting people to save more. He pointed to a survey showing that only 3% of those who wanted to save for retirement actually followed through at their desired level. In light of my unrealized goal of eating more health foods, I can relate to that.
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