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Americans are facing a huge retirement savings shortfall and don’t appear to demonstrate the knowledge level needed to turn their savings into sustainable retirement income as only roughly 25% of Americans near retirement age can pass a basic retirement income literacy quiz. But, it is not just a lack of literacy holding Americans back. Behavioral biases and heuristics like narrow framing and loss aversion are also creating significant roadblocks. Learn how to incorporate best practices around behavioral finance techniques and technology to help achieve better evidence-based retirement outcomes for your clients. This presentation will show you how you can rewire the way your clients think about saving for retirement to spending in retirement.
Learning Objectives
Upon successful completion of this learning activity, you will confidently be able to:
- Understand the behavioral biases and psychological hurdles for transitioning from an accumulation
- mindset to a distribution mindset
- Better understand how to manage retirement income investment risks
- Utilizing best practices of behavioral finance to improve client outcomes
- Understand the benefit of increased “safety” over chasing “investment returns” in a decumulation portfolio
- Understand how the three main philosophies of retirement income planning work
Presenter
Jamie Hopkins, Esq., CFP®, ChFC®, CLU®, RICP®, LLM
CFP® CE Credit
This content is eligible for one hour of CFP® continuing education (CE) credit.
If you hold the CFP® mark and would like to receive CFP Board CE credit for this content, please ensure your CFP® ID number is entered here.
The College’s Professional Recertification Program (PRP)
This content is eligible for one hour of PRP continuing education credit.
To begin, click on the button below. As you move through the content, make sure to mark each page complete by clicking on the appropriate button, and then click Next Lesson at the bottom of each page. Once you complete the entire activity, the progress bar will show 100%.
Rewirement: Rewiring the Way You Think and Feel About Retirement
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