Retirement Planning With The Herd Is Risky

Retirement planning with the herd may be dangerous

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Do you have a herd mentality? Running with the crowd can be a big mistake when you are planning for the 2nd half of your life, your retirement. Individuals follow this behavioral pattern because they think that the crowd knows something they don’t know. Be careful, if you follow that logic you could throw your retirement plans into a spin with no way out.

Instead of buckling under the pressure of conformity, learn as much as you can about investments, retirement, stocks and bonds, mutual funds and taxes. To temper the tendency to follow the crowd, take advantage of the wealth of financial information available to you.