Are Retirement Planning Tools Substitutes or Complements to Financial Capability?

The preanalysis plan for this project was registered at the Social Science Registry AEARCTR-0002129. Human subjects protocol was determined as exempt by Stanford IRB (#38948), University of Minnesota IRB (#1607E90001) and Claremont Graduate University IRB (#2813). This research was supported by the U.S. Social Security Administration through grant #5-RRC08098400-10 to the National Bureau of Economic Research as part of the SSA Retirement Research Consortium and the Laura and John Arnold Foundation through a grant to the Stanford Institute for Economic Policy Research (SIEPR). The findings and conclusions expressed are solely those of the authors and do not represent the views of SSA, any agency of the federal government, the NBER, the Laura and John Arnold Foundation, SIEPR, or any other institution with which the authors are affiliated. We are grateful to Paula Gablenz and Konhee Chang for exceptional research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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