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How Anchoring Hurts 401k Retirement Savers

    How Anchoring Hurts 401k Retirement Savers

With the introduction of the concept of anchoring, Tversky and Kahneman opened the door to a new way of thinking about and addressing the financial decision-making process. For more than four decades, subsequent research has expanded upon their idea. Yet, plan sponsors and participants continue to remain uninformed of the dangers of anchoring.

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Will Record Breaking Market be the Anchor that Sinks 401k Savers?

    Will Record Breaking Market be the Anchor that Sinks 401k Savers?

With a GOT-based strategy, expectations are predicated on needs, not the happenstance of the market. GOT-based portfolios may not have the record-breaking excitement of market indices, but it’s slow-and-steady-wins-the-race philosophy may lead to a more comfortable retirement.

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5 Sample Techniques to Convince Retirement Savers to Focus on Their Own GOT Rather than Current Market Returns

    5 Sample Techniques to Convince Retirement Savers to Focus on Their Own GOT Rather than Current Market Returns

In retirement planning, there can never be any guarantees. That’s why it’s critical that these tools are used continually and consistently. A magician never gives the audience’s eyes a chance to wander.

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5 Awkward 401k Questions Every Good Fiduciary Must Know the Answer To

    5 Awkward 401k Questions Every Good Fiduciary Must Know the Answer To

Never belittle the question or the person asking the question. These are sincere queries that represent commonly held beliefs. These beliefs live a Schrodinger Cat-like existence, being generally not quite true and not quite false. It’s critical, for the benefit of all retirement savers, that these questions be asked and that fiduciaries encourage their asking. This is the only way that allows the fiduciary to respond in the second noteworthy way: By using these questions to refute misconceptions and promote good retirement saving decision-making.

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401k: Kill it or Expand Its Reach?

    401k: Kill it or Expand Its Reach?

This is not to say the 401k is perfect and that there’s no need to improve it. These improvements, though, would be more like tweaks rather than wholesale changes.

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Guidelines for Minor Children: How to Avoid a Personal Retirement Crisis

    Guidelines for Minor Children: How to Avoid a Personal Retirement Crisis

But, as the clichĂ© goes, “What about the children?” Arguably, it is minor children who have the best (and easiest) opportunity to shield themselves from a retirement crisis. They have the advantage of time (to maximize the benefits of compound interest).

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Social Security – A Promise Breaking?

    Social Security – A Promise Breaking?

While Social Security is not going “bankrupt,” it’s clear it will have to change in both a fundamental and disruptive way.

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Did the 401k Really Kill the Pension Plan?

    Did the 401k Really Kill the Pension Plan?

In this retirement plan version of the game “Who Killed Cock Robin?” we can identify three macroeconomic trends that slayed the pension plan, once the giant among all retirement plans. But, where does the 401k fit in?

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The Rise and Demise of Corporate Pension Plans

    The Rise and Demise of Corporate Pension Plans

Despite those imagined rosy memories, actual history shows, with a few notable exceptions, pensions were never as universal or as lucrative as imagined.

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5 Reasons Why Roth Plans are More Popular with Millennials than Baby Boomers

    5 Reasons Why Roth Plans are More Popular with Millennials than Baby Boomers

The traditional lifestyle arc, along with the traditional career arc, may push millennials away from Roth style savings later in life.

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