New research finds a hidden price of trust in financial decision-making. Investors allocate much more to trust funds associated with highly trusted organizations, even when less-trusted institutions offer identical funds, potentially leading investors to sacrifice substantial long-term wealth. Read more about the price of trust in financial behavior here.…Read More
New research from the TIAA Institute examines retirement systems across 11 countries and finds that retirees are more likely to choose lifetime income when it is integrated directly into the retirement system. Their findings offer important lessons for policymakers, plan sponsors, and financial advisors seeking to strengthen retirement security in the United States.…Read More
Providing people objective longevity information and survival probabilities could impact early financial decisions and alert people to retirement risk, find Profs. Abigail Hurwitz of the Hebrew University of Jerusalem and Olivia S. Mitchell of the Wharton School. Read paper here. …Read More
