April 16, 2024
Don’t get fooled by magical thinking when it comes to your money

Don’t get fooled by magical thinking when it comes to your money

Of all investors, retirees need to avoid the rookie investment mistake known as “money illusion.”

Yet recent evidence suggests that they remain as guilty of it as everyone else. Which is to say they’re very guilty.

Money illusion is the term economists use for confusing nominal investment returns with inflation-adjusted, or real, returns….

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