Behavioral finance

The focus of retirement planning is shifting, according to Morningstar experts, moving away from simple saving toward bespoke decumulation strategies and guaranteed lifetime income solutions.

Financial advisers often urge clients to delay Social Security to maximize benefits, but new research suggests early claiming may be a rational choice.

Researchers found that potentially traumatic childhood experiences, including physical abuse and parental separation, have lasting financial consequences, shaping workers' savings and retirement security decades later.

Rising costs and competing financial priorities are making it harder for younger workers to save for retirement.

Even with the money to retire early, FIRE clients often face unexpected challenges around mindset, more than finances.

Even if those assets are used to pay for nonmedical expenses, an HSA can still be ahead of a 401(k) plan or an IRA.

Emotion-driven decisions may result in portfolios that retirees find palatable, but they are also likely to result in lower returns.