Standard Deviations with Dr. Daniel Crosby

Michael Finke - The Role of Behavioral Science in Shaping Your Retirement Future

11 snips
Oct 10, 2024
Michael Finke, Chair of economic security research at the American College of Financial Services, dives into the intricacies of behavioral finance in retirement planning. He discusses how fear during market downturns can lead to impulsive decisions and the importance of proactive advising. Finke reveals the necessity for personalized investment strategies and elaborates on mean reversion's role in market dynamics. Additionally, he explores how tracking savings can positively and negatively influence financial habits, emphasizing a balanced approach to managing personal finances.
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