Morningstar's Head of Behavioral Science Dr. Stephen Wendel is here to help us calm our retirement anxieties and geek out on the research with us.
The fear that you’ll run out of money in retirement is big and real and daunting. Which is why we’re always excited to hear about it when someone — somewhere — has a new idea to help us conquer the challenges of making our money last. This week’s hero: Morningstar’s Head of Behavioral Science, Dr. Stephen Wendel. He outlines how a handful of modest (and specific!) changes, when made simultaneously, can amount to much bigger nest eggs. So, calm your retirement anxieties — and geek out on the research — with us. Then, in Mailbag, we’re discussing 401(k) rollovers, the five-year rule on Roth IRAs and having a dedicated savings account for health care. And in Thrive, how to budget with a cash-only diet.
And a big P.S. this week: HerMoney.com is LIVE! Please check it out and let us know what you think.
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