Jack VanDerhei of Morningstar's Center for Retirement and Policy Studies on the Saver's Match, federal auto-enrollment, and the design choices that could make — or break — a federal retirement savings program.

After 30 years at Principal, researcher Tracey Foley knows how to ask—and parse—the right questions. Today we dig into what automaticity is doing to participation, in helpful and not-so-helpful ways. Hint: maybe more, not less.

Here’s something we think: it’s hard to have very good financial literacy without some financial experience.

• Until you have a financial account, the financial system will probably be a mystery to you

• Until you have investments, they are probably going to be quite mysterious too