Tag: psychology
For most retirees, figuring out how much money to withdraw from savings every year is a difficult-to-impossible math problem. But the issue goes much deeper: fears about what the future might bring make this decision overwhelming. Extreme caution is a popular solution. A 2009 study estimated that by the time middle-income retirees are in their…
A person’s finances are not determined simply by obvious factors like how much they earn – personality can also make a difference. A new study has identified three personality traits that play a role in how individuals handle their nest eggs. For example, conscientious people – self-disciplined planners – are more careful and have mor…
