Preserving Retirement Assets

Preserving Retirement Assets

The fees associated with retirement savings, which include both investment and administrative costs, can reduce Americans’ retirement savings. As retirees leave the workforce, many face a complex set of financial choices on their own and turn to advisers for guidance. Unfortunately, unsuitable financial products and services cost retirement account holders an estimated $17 billion in higher fees annually. 

The retirement savings project examines the feasibility of policies or market practices to help improve retirees’ financial choices and decisions, such as promoting low-fee investment options, making it easier to keep savings in employer-provided plans at and through retirement, and improving the portability of benefits through low-fee vehicles for workers who change jobs.

 

How Fees Affect Retirement Savings Over Time

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Additional Resources

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Agenda for America

A collection of resources to help federal, state, and local decision-makers set an achievable agenda for all Americans

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Data-driven policymaking is not just a tool for finding new solutions for emerging challenges, it makes government more effective and better able to serve the public interest. In the coming months, President Joe Biden and the 117th Congress will tackle a number of environmental, health, public safety, and fiscal and economic issues—nearly all of them complicated by the COVID-19 pandemic. To help solve specific, systemic problems in a nonpartisan fashion, Pew has compiled a series of briefings and recommendations based on our research, technical assistance, and advocacy work across America.

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States of Innovation

Data-driven state policy innovations across America

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Data-driven policymaking is not just a tool for finding new solutions for difficult challenges. When states serve their traditional role as laboratories of innovation, they increase the American people’s confidence that the government they choose—no matter the size—can be effective, responsive, and in the public interest.