How to Trick Yourself Into Retiring a Multimillionaire

11/01/17 • 30 min

Most of us are really bad at thinking about and planning for our retirement. Only a third of Americans contribute to employer-provided 401(k) accounts. And around half have no retirement savings at all. There are lots of forces working against us when it comes to saving up for the future. But never fear, the behavioral economists can save us. See, it’s not our fault that we’re bad at saving: We’re wired to make bad retirement decisions. At least that’s what Steve Wendel, a behavioral scientist, us. Steve teaches us how to take advantage of our shortcomings as humans, and trick ourselves into becoming super savers.

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Game Plan - How to Trick Yourself Into Retiring a Multimillionaire

Transcript

Speaker 100:00:00.400

Quick, how much do you have saved for your retirement right now? I don't know the answer to that, And if you don't either, you're not alone. Most of us aren't thinking enough about our savings. And this week we're going to try to do a little better. This is a game plan. Hi, I'm Prince Jessica Levi and I'm right back at Greenfield and this week we're talking all about retirement savings. It's on our minds because the GOP is part of its new tax pla