Most Common Behavioural Biases in Retirement Planning

Most Common Behavioural Biases in Retirement Planning It is helpful to recall some of the more typical biases with which most decision-makers are likely to be infected before describing how some appreciation of behavioural finance might improve the practice of retirement planning. Present Bias. People naturally orient themselves more toward short-term pleasures than toward long-run rewards. This can cause people to save too little for retirement because current expenses are served above future needs