How Behavioral Finance Explains Why You Lose Money In Retirement

Описание: How Behavioral Finance Explains Why You Lose Money In Retirement

Smart people don't always make smart money moves, especially in retirement. We explore the tragic story of Tom, an engineer who lost $231,000 due to a single emotional decision. Retirement changes the psychological relationship you have with money, making rational choices nearly impossible without the right safeguards.

In this video, we uncover:
The 5 major behavioral finance traps destroying portfolios.
Why loss aversion and recency bias cause panic selling.
How "mental accounting" leads to reckless spending.
The danger of overconfidence in DIY investing.
Practical "circuit breakers" to protect your wealth.

Don't let your brain betray your bank account. Subscribe to The Penny Plan for more insights on protecting your financial future and click the thumbs up if you want to retire securely!

How Behavioral Finance Explains Why You Lose Money In Retirement

behavioral economics, retirement traps, money psychology, stock market crash, panic selling, investment mistakes, financial bias, cognitive bias, retirement regret, wealth destruction, 401k mistakes, pension planning, emotional trading, market timing, nest egg protection, safe withdrawal rate, retirement crisis, elder financial abuse, investment strategy, portfolio allocation

#behavioralfinance #retirementplanning #investingpsychology #stockmarketcrash #retirementmistakes #financialfreedom #moneypsychology #lossaversion #recencybias #smartmoney #wealthprotection #401k #financialadvisor #retirementsavings #investingforbeginners #marketvolatility #financialeducation #personalfinance #wealthmanagement #retirementgoals