Reluctant Retirees and Managing Change in Higher Education

Most retirement plans let participants allocate their contributions among a menu of investment options – and this decision can have a substantial effect on a retirement portfolio’s ultimate value.

Finance theory assumes that investors maximize risk-adjusted returns when choosing portfolios. In reality, some people are also influenced by irrelevant factors, such as cosmetic changes to investment fund names.

Opportunities to borrow increased considerably in the U.S. over the past few decades, and many Americans today are approaching retirement with high levels of debt.