Seeking Alpha

Retirement Advisor: Prevailing Over Paralysis (Podcast)

by: SA For FAs
SA For FAs
Senior Editor, FA Content
Summary

Many people have not even tried to save for retirement, and the reason could be that people are reluctant to start something they expect to fail at.

The despair may stem from the unknowability of the key variables in retirement planning.

Where advisors are needed is in opening these discussions with anxious investors, and then in offering the appropriate behavioral support.

I offer some specific suggestions.

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Many people have not even tried to save for retirement, and the reason could be that people are reluctant to start something they expect to fail at.

This podcast (5:27) suggests that the despair may stem from the unknowability of the key variables in retirement planning and illustrates the sort of behavioral support that can make retirement saving feel doable.