Blake, David; Pickles, John - In: Journal of risk and financial management : JRFM 14 (2021) 12, pp. 1-13
We portray the valuation of retirement savings in terms of a mental time travel journey in which a proposed … contribution to a pension plan is projected forward to the plan member's retirement date and this projected value is then … retirement savings and hence to a lower than desired standard of living in retirement. We consider how the two biases might be …