If you are working as a financial planner or advising private clients, you know that that there are two interrelated systematic problems in their behaviours. First, most people tend to save too little for their retirement and old age and consume too much. Second, most people tend to live longer than they think they will. The combination of these two biases means that far more investors run out of money at old age than need be and many face old age poverty.
Healthy, wealthy, and wise
Healthy, wealthy, and wise
Healthy, wealthy, and wise
If you are working as a financial planner or advising private clients, you know that that there are two interrelated systematic problems in their behaviours. First, most people tend to save too little for their retirement and old age and consume too much. Second, most people tend to live longer than they think they will. The combination of these two biases means that far more investors run out of money at old age than need be and many face old age poverty.