Loss Aversion and Fighting Fear
Biggest Retirement Saving Mistakes to Avoid at Each Life Stage
Loss aversion sounds like a good thing — trying to avoid losing. What could be wrong with that? Unfortunately, if taken too far, it can actually be a threat to retirement plan participants’ long-term financial health. Loss aversion is the tendency to prefer avoiding potential losses over acquiring equal gains. We dislike losing $20 more Read More →
Financial Lessons from Your Favorite Flicks: Grab the Popcorn!
According to Northwestern Mutual’s 2018 Planning & Progress Study, a shocking 21 percent of Americans have nothing at all saved for the future, and 78 percent say they are extremely or somewhat concerned about not having enough set aside for retirement. Everyone’s path to retirement is different, but there are general rules that can help Read More →
With Oscar’s season upon us, many make it a point to indulge in the year’s top movies. When you pay a visit to the movie theater or curl up on the couch to see that much-awaited flick, you’re probably looking for 90 minutes of uninterrupted entertainment, not a lesson in personal finance. But whether you’re Read More →