Many people today are facing difficult choices in achieving their financial goals and, as well they should, are asking serious questions. Our goal with The Informed Investor is to help you see through the noise of the marketplace in order to systematically make smart decisions about your money.
Financial circumstances will differ and the level of financial knowledge will differ, but almost all widows have one thing in common. They suffer a period of terrible grief.
We hope that a wide range of readers who offer or are responsible for managing retirement plans, particularly 401(k) retirement plans, will find our white paper clarifying and thought-provoking.
By now, you’ve probably heard the news: Your own behavioral biases are often the greatest threat to your financial well-being. As humans, we are hard wired to be lousy investors. We cringe at the very risks that are expected to generate our greatest rewards. We incorporate irrelevant information into our investment decision-making. We react to market movements instead of sticking with our original, thoughtful plan.
For better or worse, most people who fall victim to phone scams, identity theft or other financial fraud don’t broadcast the news; it’s painful and embarrassing, so they confide only in close friends and family.