How Your Distorted Beliefs Are Sabotaging Your Retirement Goals

In this video, I share the findings of a very insightful study by Dr. Rawley Heimer (ASU) and his co-authors, on how our beliefs about our mortality often tend to be distorted and adversely impact our consumption and saving decisions.
Main finding: Due to certain behavioral biases, young people tend to underestimate their expected lifespan, which causes them to overconsume (and undersave) for retirmenet.
You can read the full paper here: papers.ssrn.co...

[@littlemls]

i’m tempted to think i’ll live until 104 but i drink three cups of coffee a day and abuse my adderall script, who knows..

[@professorikram]

Eat healthy and exercise my friend. I hope you live a long, purposeful and prosperous life.