Read Time: 5-minute article A holistic mindset for long-term growth This content is categorized as: Annuity basics Would you rather not lose $100 or find $100? If you’re like most people, you’d rather not lose $100. This is the concept of loss aversion, one of the common biases with retirement planning. With loss aversion, individuals are more sensitive to a loss of value than they are happy about a gain. What’s more valuable than your hard-earned cash? Applying the concept to saving for retirement, it’s natural to gravitate toward options shown to provide value, such as enhanced financial security. , which is why not losing money can feel better than gaining the same amount. When it comes to annuities, most people think about them as a tool to provide income. You
