Retirement Guilt: We Hesitate to Spend, Yet Overlook Advisor Fees
All our working lives, we dream of what we’ll do with the money we’ve saved and the…
Why are money decisions so stressful? No, it’s not because you’re broke.
It’s because your brain is fundamentally challenged when it comes to financial choices, according to neuroscience. And going it alone only makes it worse.
“Our brains are really good at avoiding major risks and keeping ourselves alive,” says Dr. Sam Barnett, a neuroscientist at Think Alike Labs and chief executive of SBB Research, a quantitative investment firm, who was the lead researcher. “Our brains were not designed to make the kind of complex decisions our financial realities demand, the kind that have many correct answers.”
Are you asking your financial planner the right questions?
Download our guide "6 Questions to Ask Before choosing Your Retirement Planner" and find out.
Share this article
Related articles
Why Do Most Advisors Still Base Their Fees on How Much Money You Have?
Recently, a publication targeted toward financial advisors published an article wondering if advisor fees based on assets…
When Mutual Funds Aren’t Mutually Beneficial
“Set it and forget it,” is the financial industry’s refrain for retirement success; as in, invest in…
That Edward Jones is Up to No Good
Maybe You Shouldn’t Hang Out with Eddie In this adaptation from Golden Reserve Founder Greg Aler’s new…