With more and more people living longer than ever, the challenge will be not to run out of money as the need for monthly income grows. This longevity revolution will have a profound impact on people’s lives, their money, and the economy. The potential opportunities for financial advisors to help clients navigate such challenges will be remarkable.
Make Better Decisions
Investors are their own worst enemy. Emotional and cognitive biases that are hard-wired into all of us are often the culprit in failing to meet our financial goals. Even “easy” lessons like “buy low, sell high” and “be diversified” are hard to abide by. In this fun and light discussion, we tackle these biases head-on, validate their shared nature, and offer some actionable steps to make better decisions.