The New Retirement Mindset
As people and investors, we have behavioral biases that we use to distill complex information and simplify decisions. These biases can be both helpful and unhelpful. We’ll look at common biases like mental accounting and dissociation to describe the effect that biases can have on a retiree.
With this new information, we’ll discuss the 4Buckets system and how it is built to steer retiree’s towards using good biases when faced with important financial decisions. Biases don’t go away, but being able to recognize them is where retirees can have an edge.
Then, we’ll share a crucial mindset shift necessary for retirees to undergo in order to maximize the utilization and enjoyment of their assets during retirement.
Finally, once a retirees adopts this new mindset we’ll share the opportunities that can be unlocked within a retirement income strategy like enhanced lifestyle and continued wealth accumulation in retirement among others.