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.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access