United Benefit Advisors Insight and Analysis Blog

Automatic for the People

Posted by: Bill Olson    Mar 28, 2017 9:30:00 AM

With apologies to the band R.E.M., this article is not about their music, nor their album, but about how automatic enrollment has significantly helped people. Think of all the payments you currently have automated. You probably have automatic deposit of your paycheck, automatic bill pay for your utilities and other monthly bills, and maybe even a recurring automatic payment and delivery of pet food from Amazon. Now, think of something that’s important that you wish you could automate. This is not the time to mention your daily fix of Starbucks, but about saving enough money for retirement.

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Topics: retirement savings, automatic deposit, retirement planning