The financial decisions people make can reaffirm their perceived reality. A tweak here and there can change that reality.
Tag "budget"
The real prize, though, comes courtesy of following Ben Franklin’s advice. Once you convince them to save and they see the perpetual motion machine known as “compounding,” your job is done.
It’s not rocket science, but it’s not easy – either saving in the first place and then investing for the long-term, which means 20-year olds better be as comfortable riding the market as much as they are riding an amusement park roller coaster.
FiduciaryNews Trending Topics for ERISA Plan Sponsors: Week Ending 6/26/15
Uncle Sam Wants Your Retirement, Fiduciary Reruns, and TDFs under fire.