This can cause people to save too little for retirement because current expenses are served above future needs. Financial advisors often use behavioural finance techniques by asking you probing questions...... Read More
Author: seofinxl
Applying it to retirement planning makes it possible for you to come up with more rational, disciplined, and effective decisions toward your old age. Most Common Behavioural Biases in Retirement...... Read More
knowing that he most probably experiences present bias creates a mental set that would lead to more saving for retirement and less indulgence in immediate pleasures What is Behavioural Finance?...... Read More
with the necessary penetration to financial theories for you to save sufficiently and invest judiciously to lead a well-retired comfortable life. However, personal biases and emotions inject a wedge into...... Read More
Knowing how such feelings and prejudices influence choices enables you to act in taking steps to strengthen your retirement plan, perhaps by automating contributions, diversifying in a portfolio, or even...... Read More
If one may neutralize this common bias by being frank about retirement costs or life expectancy, then one\'s savings program would be rich and wide enough to take care of...... Read More