🚨 New WP🚨 401(k) plans often have vesting schedules for employer contributions. Despite their prevalence, we know little about the effect of these provisions. With Aaron Goodman, we ask: 1. Does vesting keep workers at firms? 2. How does it affect 401(k) wealth? 🧵⬇️

Cash sits in IRA accounts. People contribute or roll their retirement savings to IRAs. 28% stay in cash for 7+ yrs. Solution: Make Target Date Funds the default. Policy allows this in 401(k)s. tinyurl.com/2uecdt3v Covered by anne tergesen @wsj & Beth Pinsker, CFP® Marketplace

Kamala just eclipsed Trump in the election prediction markets. predictit.org/markets/detail…

Are employers optimizing their 401(k) match? NEW research by Tobin Faculty Affiliate Cormac O'Dea O’Dea & Yale University PhD student Guillermo Carranza, together w/ coauthors Fiona Greig & Anna Madamba (Vanguard) and Taha Choukhmane & Lawrence Schmidt (Massachusetts Institute of Technology (MIT)): tobin.yale.edu/news/240821/ar…

Tips for boosting retirement readiness, provided by Vanguard Investment Strategy Group's Fiona Greig: 1. Take advantage of employer match 2. Educate yourself on retirement investments 3. Be mindful when changing jobs 4. Use retirement calculators

Job transitions slow retirement savings. Workers see a 10% increase in pay but a 0.7 ppt decline in their saving rate when they switch employers. Low default savings rates in 401(k) plans are part of the problem. Covered by anne tergesen The Wall Street Journal. digital-assets.vanguard.com/corp/research/…

Exactly.

Job switches shouldn’t slow retirement savings. Workers need to save & invest for retirement even as they switch jobs. 3 ideas. 1. Maintain savings momentum. 2. Relax eligibility & vesting requirements. 3. Improve choice architecture at job exits. tinyurl.com/2ftdhsjw

So proud of this work. Full AER article on the impacts of expanded UI on spending and job search: aeaweb.org/articles?id=10…

Four things to consider when switching jobs, according to Vanguard global head of investor research and policy Fiona Greig: 1. Enroll in your employer’s plan 2. Maintain your savings momentum 3. Take advantage of employer match 4. Stay invested

Great public relations role Vanguard, where you get to to take a stand for all investors, to treat them fairly, give them the best chance for investment success. vanguardjobs.com/job/21181672/s…

Tax Policy Center analysis shows that a 20% global tariff and a 60% tariff on Chinese goods, would lower average after-tax incomes by an average of 2.9 percent in 2025—or about $3,000. tpc.io/4f3Fg4M

Forthcoming in the AER: "Efficiency in Household Decision Making: Evidence from the Retirement Savings of U.S. Couples" by Taha Choukhmane, Lucas Goodman, and Cormac O'Dea. aeaweb.org/articles?id=10…

Know something about causal inference? Come work for Vanguard and put your skills to a great cause - to help improve people’s financial lives. This is a fantastic team looking for a strong leader: Head of Applied Behavioral Science. vanguardjobs.com/job/21608840/d…

I was just informed that the Federal Economic Statistics Advisory Committee (FESAC), of which I was a member, was terminated abruptly and all upcoming meetings are also canceled. This was a committee that has been around since at least 2000. We were a group of experts from

While the last 3 trading days have tested the markets and investors’ jitters, the vast majority of Vanguard self-directed US retail clients stayed invested (93%). Of those who did trade, the majority bought into equities (5:1 ratio of net buyers vs sellers of equities).

Here's how "auto features" can help with retirement savings, according to Vanguard Global head of investor research and policy Fiona Greig: More Decoding Retirement: open.spotify.com/show/1OJanCZQm…