Most Common Behavioural Biases in Retirement Planning

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2025-01-02 12:16:50 - Translate -

It is helpful to recall some of the more typical biases with which most decision-makers are likely to be infected before describing how some appreciation of behavioural finance might improve the practice of retirement planning. Present Bias. People naturally orient themselves more toward short-term pleasures than toward long-run rewards. This can cause people to save too little for retirement...

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