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In this episode, Plan Sponsor Consultants discuss the behavioral finance principle of Inertia and some automatic solutions that plan sponsors can consider adopting to aid in addressing this obstacle.
Overcoming Obstacles to Retirement Plan Success: Inertia, Myopia, and Loss Aversion.Â
Securities and advisory services offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC. This information is designed to educate plan sponsors but is not intended as authoritative guidance or tax or legal advice. Each plan has unique requirements, and you should consult your attorney or tax advisor for guidance on your specific situation