Author: seofinxl09@gmail.com

A good retirement plan will always account for both expected and unexpected expenses. Since your brain won\'t likely recall both, you\'ll be more prudent in your later accounting for those...... Read More

since you will be considering future needs, inflation, healthcare costs, and lifestyle changes. Financial advisors often use behavioural finance techniques by asking you probing questions about future expectations to help...... Read More

Realistic Retirement Goals People overestimate how much they will have or discover they need in retirement because of optimism bias or simply because they cannot see into the future. Behavioural...... Read More

You save and allow yourself to do so consistently without having to make the decision month in and month out.Thirdly, the dollar-cost averaging can also be accomplished through the use...... Read More

Automatic Savings to Help Mitigate Present Bias The most interesting takeaway from the best behavioural finance models is the way of automating one\'s savings and investment. That neutralizes present bias,...... Read More

creates a mental set that would lead to more saving for retirement and less indulgence in immediate pleasures. You then can take steps to prevent acting impulsively-for example by automatically...... Read More