Author: fin22

for it creates consequences for those who may drift away from the objective. Automatic enrollment in a company\'s pension plan is the kind of commitment device that could force an...... Read More

Understanding the above biases is the first step toward improving retirement planning. But there are many practical strategies that an individual may employ to overcome the above biases in order...... Read More

Set up the practice of regularly reviewing and altering your savings rate, investment strategy, and retirement goal by virtue of updated informatio Set up the practice of regularly reviewing and...... Read More

Retirement planning can result in anchoring bias when investment decisions are based on past performances or when the first estimate of the retirement expenses is overly relied upon without revising...... Read More

Understand the big picture. Do not consider retirement savings as something to be set apart from other financial goals. Integrate your retirement plan into your overall financial plan.... Read More

Consolidate accounts:- If possible, consolidate retirement accounts to make savings more streamlined and efficient. This approach makes it easier to monitor your overall progress and avoid unnecessary fees or management...... Read More