New Here? Get the Free Newsletter

Oblivious Investor offers a free newsletter providing tips on low-maintenance investing, tax planning, and retirement planning. Join over 21,000 email subscribers:

Articles are published Monday and Friday. You can unsubscribe at any time.

Investing Blog Roundup: Checking in on Oregon’s Auto-IRA

In July 2017 Oregon began rolling out their OregonSaves program — essentially an auto-enrollment Roth IRA for employees who are not covered by employer-sponsored retirement plans.

The plan has a 5% default contribution rate, which by default increases by 1% per year until it reaches 10%. Employees can choose to change that rate or opt out of the plan entirely. The first $1,000 of contributions is essentially kept in cash, while further contributions go into a target-date fund.

Anek Belbase and Geoffrey Sanzenbacher at the Center for Retirement Research at Boston College recently took a look at how the plan is doing (e.g., how many potential participants actually participated, how many decided to increase or decrease the default contribute rate, etc.). It’s interesting reading about what might end up being a prototype for similar programs in other states.

Other Recommended Reading

Thanks for reading!

New to Investing? See My Related Book:


Investing Made Simple: Investing in Index Funds Explained in 100 Pages or Less

Topics Covered in the Book:
  • Asset Allocation: Why it's so important, and how to determine your own,
  • How to to pick winning mutual funds,
  • Roth IRA vs. traditional IRA vs. 401(k),
  • Click here to see the full list.

A Testimonial:

"A wonderful book that tells its readers, with simple logical explanations, our Boglehead Philosophy for successful investing." - Taylor Larimore, author of The Bogleheads' Guide to Investing
Disclaimer: By using this site, you explicitly agree to its Terms of Use and agree not to hold Simple Subjects, LLC or any of its members liable in any way for damages arising from decisions you make based on the information made available on this site. I am not a financial or investment advisor, and the information on this site is for informational and entertainment purposes only and does not constitute financial advice.

Copyright 2020 Simple Subjects, LLC - All rights reserved. To be clear: This means that, aside from small quotations, the material on this site may not be republished elsewhere without my express permission. Terms of Use and Privacy Policy

My new Social Security calculator: Open Social Security