Investors transitioning to retirement face a decumulation dilemma: Uncertainty surrounding health, longevity, and market risks makes financial planning for retirement incredibly complex and anxiety-inducing. Importantly, the challenges that block investors from optimal decision making and attaining their goals are often linked to errors in human behavior. Using evidence from our recent behavioral science study, part one of this session will cover what we have learned about mitigating negative influences from overconfidence and loss aversion biases. Then, part two will cover some of the “supposedly irrelevant factors” that, although largely ignored by economic models of retirement income, had a strong influence on investor’s decision-making.

Speaker:

Jennifer Gongola, Ph.D., Behavioral Science Research Manager, PIMCO

Avi Sharon, Ph.D., Executive Vice President, Product Strategist, PIMCO

Premier Continuing Education (CE):

- 1.5 hours of CE credit for CIMA^®, CPWA^®, and RMA^® certifications

- Credit is automatically uploaded to your certification record(s) but can take up to 24 hours to be reflected