Olde Hornet
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http://www.usatoday.com/story/money...w-improve-your-readiness-retirement/97838886/
Americans are most likely to second guess decisions related to personal finance (36%) – far more than work (18%), health (15%) or their home or living situation (8%), according to the Bank of America Merrill Lynch study.
What to do? One, accept second guessing as a fact of life. “There is nothing inherently wrong with second guessing your financial decisions,” says Brad Klontz, founder of the Financial Psychology Institute and an associate professor of practice at Creighton University’s Heider College of Business. “In fact, overconfidence in your financial decisions has actually been associated with worse financial outcomes.”
Two, learn as much as possible about money. “It all comes down to getting educated about finances,” says Lorna Sabbia, head of retirement and personal wealth solutions at Bank of America Merrill Lynch.
Her advice: Read personal finance articles, identify advisers who can provide guidance, including your employer’s HR department, and connect with friends, families and others who can share their insights. Another resource: Bank of America partnered with the Khan Academy to create Better Money Habits.
Americans are most likely to second guess decisions related to personal finance (36%) – far more than work (18%), health (15%) or their home or living situation (8%), according to the Bank of America Merrill Lynch study.
What to do? One, accept second guessing as a fact of life. “There is nothing inherently wrong with second guessing your financial decisions,” says Brad Klontz, founder of the Financial Psychology Institute and an associate professor of practice at Creighton University’s Heider College of Business. “In fact, overconfidence in your financial decisions has actually been associated with worse financial outcomes.”
Two, learn as much as possible about money. “It all comes down to getting educated about finances,” says Lorna Sabbia, head of retirement and personal wealth solutions at Bank of America Merrill Lynch.
Her advice: Read personal finance articles, identify advisers who can provide guidance, including your employer’s HR department, and connect with friends, families and others who can share their insights. Another resource: Bank of America partnered with the Khan Academy to create Better Money Habits.