The Key to Boosting Retirement Savings | John Beshears

Behavioral Grooves Podcast

English - February 05, 2024 05:55 - 1 hour - 149 MB - ★★★★★ - 96 ratings
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Previous Episode: Decoding Behavior Change | Bri Williams [Republish]

Next Episode: Unlocking Intimacy: The Power of Questions | Topaz Adizes

Ever wonder how to boost your retirement savings? Could the subtle art of behavioral economics hold the answer? Join Tim in this solo-sode as he explores this with guest John Beshears. Uncover the impact of automatic enrollment on participation rates and the potential downside of increased debt. Beshears' research reveals unique strategies, like framing savings as "fresh starts." Maximize your savings and delve into the evolution of behavioral economics with Tim and John in this weeks captivating episode.

Topics

(7:43) Introduction and Speed Round

(12:23) The Impact of Auto-Enrollment on Retirement Savings

(16:41) The Psychology Behind Financial Decision Making

(22:31) Automatic Enrollment, Savings, and Employee Debt

(33:48) Long Term Effects

(37:37) Reframing Savings and “Fresh Starts”

(46:04) Jazz Music and Productivity

(52:35) Grooving Session: Behavioral Science and Retirement Savings

Links

Automatic Enrollment and Financial Stress

Fresh Start Approach to Savings