Motivating Retirement Planning
For many Australians, retirement planning is a distant thought. According to Dr Lester Wills, many studies have already shown that a majority of us are not planning for retirement properly. In his paper, he outlines the attitude most people have about saving for their retirement. He also lists a number of behavioural and psychological reasons why people are resistant to saving now for a comfortable future, something financial planners would be useful to take into consideration when motivating their clients to save for their retirement.