Future Shock - Do Income Estimates Affect Saving Behavior?

Behavioral finance experts are feverishly searching for new approaches to guide people to optimal actions, but in the meantime, there appears to be a simple way to boost savings rates: providing and promoting retirement income estimates. [...]the estimates should allow for "what if?" testing, allowing participants to see the future impact of adjustments of their deferral rates. [...]our research shows that 28 percent of all workers who see income estimates say that their financial planner/advisor provided these estimates.