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.
Tag "Richard Rausser"
Older than mutual funds, the dangers in them exposed by the crash of 1929 led to the creation of mutual funds. Can their modern descendants reclaim the mantle long held by mutual funds?
Dedicated and disciplined savings is the best way to insure a comfortable retirement, and, after all, isnât that what itâs all about?
Perhaps we’ve learned choice isn’t all that it’s cracked up to be.
Over the decades, the role and standard of different types of service providers has shifted when it comes to plan design. But one thing remains constant.
Traditional 401k plan designs have demonstrated they actually discourage savings.
The DOLâs new 401k Fee Disclosure Rule, while its effectiveness might be suspect, has empowered plan sponsors.
