Encouraging Retirement Planning through Behavioural Insights | General financial discussion | Discussion forum

The read is not for the faint of heart BUT there may be some morsels there for thought, or not -

Encouraging Retirement Planning through Behavioural Insights

Starting the retirement planning process is perhaps the most challenging part. Inertia is a powerful force in people’s lives. We can all understand the draw of putting off a task, particularly one that might be time consuming, emotionally or intellectually difficult, and for which there’s no impending deadline. On the other hand, if we can overcome this inertia and take an initial step in the retirement planning process, it will generate momentum for completing it.

There are two key barriers people need to overcome to get started: 1) the default option is not to have a plan, and 2) making a plan is perceived to be complex. The following sections describe these barriers and promising or proven interventions to address them.

http://www.osc.gov.on.ca/docum.....anning.pdf