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Saving enough for a happy retirement may be easier than you think

Today 01:31 GMT

Psychologists have shown that we are more motivated to avoid loss than to seek gain and so just as surely as we dream about the boat, we need to also visualize the difficulty of just squeaking by if we aren’t adequately prepared.

The more we are able to automate good saving and investment behavior, the less we will think about it and the easier it will become. Humans tend to dramatically overestimate their willpower and those planning to save for retirement by choosing to do the right thing themselves, month after month, are likely to be sorely disappointed.

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