One way to increase participation among plan participants may be to make both the choice and the consequence clear. Punam Keller, PhD, at the Tuck School of Business explains how her research in the health care industry applies to participants in retirement plans as well.
Daniel L. Bishop CFP© CEPA©
Daniel L. Bishop is a Advice-Only Comprehensive Financial Planner that has experience in education funding from cradle to career: Private K-12 Funding, 529’s, ABLE, College Savings, College Funding, College Pre-Approval™, and Student Loan Repayment. His deep expertise is in optimizing Late Stage College Funding into a Comprehensive Financial Plan for people with complicated situations, like business owners. He founded Black Swan Advisors LLC in 2016, so that he could pursue his passion of real, honest, financial planning advice for families. He loves working virtually with clients across the Heartland of America. Daniel and his wife modernized a century-old, lakefront farm house in southern Illinois. After work, you can often find tpaying with their 2 kids, preferably in the water.