The ease of getting started, though, may be driving the success of auto I.R.A.s. The Pew study found that 73 percent of workers said they supported automatic enrollment. It’s like when a little kid is sick and you crush up their medicine and add it to Jell-O. “Some of our employees had been asking if we were ever going to offer another retirement plan,” she said. The target-date retirement funds become more conservative as participants approach retirement to reduce investment risk and protect against loss, though employees can adjust their fund type and risk level.

Source: New York Times December 22, 2020 10:01 UTC