What Do an Underfunded 401(k) and a Dialysis Patient Have in Common?

Both of them would be better off if the default option were switched to opt-out as opposed to opt-in. This is hardly surprising but, sadly, it is still news. Let me explain. One of the reasons that some people don’t contribute to their 401(k) plans is because they usually have to “opt in” to the […]

Who Gets Better With Age?

An article in today’s Wall Street Journal asserts that, while various life skills seem to deteriorate as people get older, our skill at making personal-finance decisions doesn’t peak until the ripe age of 53. “Baseball players are said to peak in their late 20’s,” writes David Wessel. “Chess players in their mid-30’s. Theoretical economists in […]