Overconfidence Versus Extreme Caution: Irrationality in Retirement Planning

“Confidence and caution are generally sensible characteristics. However, when it comes to retirement planning, an excess of either can be disadvantageous. Further, neither is usually based on a person’s true readiness. If recordkeepers, sponsors and employers understood the disconnect between retirement confidence and preparedness and its consequences, they could better identify those who need assistance and provide more targeted outreach.” Click here to continue reading.

Source: Corporate Insight