Humans Aren’t Good at Understanding Risk. This Is How That Ruins People’s Financial Futures

Today, Paul and Jim talk about how humans are not good at understanding or managing risk because if the markets are up, if the president you like is in the White House, or if you just got a big promotion at work, you’re going to be more willing to take risks. The opposite is also true. Listen along as these advisors explain why using proven academic methods is better than letting your intuition or emotions guide your decisions. Later in the episode, Paul and Jim share about how innovation in technology and business will not only drive profits for businesses but also continue to improve the quality of life.    Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.