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Integrating Behavioral Economics and Consulting

Steve Shu Consulting

fail to save enough for retirement) when they clearly can from other measures and/or field testing? In the book, “Save More Tomorrow” [link] , Dr. Shlomo Benartzi introduced the notion of a behavioral audit for 401(k) and defined contribution plans. Do participants get 401(k) statements that show projected income at retirement?

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Problems now (problems later)

Seth Godin Blog

On one night in 2004, you might have had two choices. A couple of decades later, your dinner is forgotten but the shares are up many times. That’s not because they encountered an opportunity to save for their retirement 18 years later. Of course, some people did buy that stock.

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Saving for Retirement: So Many Choices

Women in Consulting

By: Renee Daggett Saving for retirement is very important, since the average American spends 20 years in retirement. Everyone needs to make saving for retirement a priority, especially since we are living longer with healthier lifestyles and medical advances. But, retirement is expensive.

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Fed Study Finds 2 million in "Forced Retirement", 52% Cannot Afford an Unexpected $400 Expense

MishTalk

I have talked about " forced retirement " 174 times over the course of the past few years. I defined the term as those who retired because they had to, not because they wanted to. The survey found, for example, that 15% of those who had retired since 2008 had retired earlier than planned because of the downturn.

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Nearly Retired? Facing a Huge Increase in Healthcare Costs? More on "Opting Out" of Obamacare

MishTalk

Nearly Retired? The bottom line for me is a choice between reducing the amount of my retirement plan contributions by $3,660 per year or going without health insurance and paying the penalty. As a self-employed person who couldn''t afford to start saving for retirement until my mid-forties, I''m equally afraid of either choice.

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6 Reasons Inflation is Higher than You Think

Tom Spencer

A reduction in choice and living standards is a real cost, and the CPI does not take this into account. In October, inflation was above the typical 2-3% target rate in many countries including the UK (4.2%), Germany (4.5%), Canada (4.7%), India (4.5%), South Africa (5%), Spain (5.4%), Turkey (19.9%), Argentina (52.1%), and Zimbabwe (54.5%).

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How to Nudge Your Customers Without Pushing Them Away

Harvard Business

People don’t always make choices in their best interests. There are many examples: On average, Americans weigh 16 pounds more than their target body weights ; 68% of people save less for retirement than they intend to; and although 85% say they would like to be organ donors, only 28% are.

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