BeFi - Investment Decision-Making: Lecture 9 - Retirement, coming ready or not
Herman Brodie | Prospecta | 0.50 CE
When should I retire? Will I be happy? How long will I live? Our responses to questions like these are prone to systematic biases that influence our choices and, ultimately, life satisfaction in retirement. Furthermore, when we reach retirement age, our decision-making abilities undergo some important changes - most of them for the worse - so these changes impact every economic decision we make. Critical decisions about the starting point, or about the way to convert accumulated wealth into a stream of consumption, rely on accurate predictions about th...