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There are a few retirement planning tips every advisor knows, but here are some others you may not have shared with your clients yet. (Photo: iStock)

A decade ago, the 2006 Pension Protection Act recognized the important behavioral finance concept of the “nudge” — the reframing of the decision-making process to subtly push the decision maker toward the optimal decision. We see this in the shift from opting-in to opting-out in modern 401(k) plan design. No longer limited to just the leading-edge, more plan sponsors have embraced this approach.

Christopher Carosa

BenefitsPRO

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