There's a second component of a good savings plan, which is something that a colleague of mine called Schlomo Benartzi and I developed many years ago, that we call "save more tomorrow."

One simple step firms can take is make sure that people that are getting paid a lot of money, say more than a million or two, that a big chunk of that money is deferred. That's going to change the whole ballgame.

Most people start claiming benefits within a year of when they become eligible, although benefits increase substantially if they wait.

My mantra is if you want to help people accomplish some goal, make it easy.

Every American worker should be able to save for retirement via payroll deductions.

I think the people who've been the most overconfident in our business in the last decade have been the people that called themselves risk managers.

In a typical 401k plan, when you first become eligible you get a big pile of forms and you're told, fill out these forms if you want to join. Tell us how much amount you've saved and how you want to invest the money. In, under automatic enrollment you get that same pile of forms but the top page says, if you don't fill out these forms, we're going to enroll you anyway and we're going to enroll you at this saving rate and in these investments.