Today's investment education should be lessModern Portfolio Theory and more behavioral economics. (Photo:Shutterstock)
Which question do you think the typical retirement planparticipant could answer the quickest: “What is the long-termimpact of your asset allocation on the growth of your retirementplan?” or “What is the immediate impact to your weekly spending if you contribute $10 more apaycheck into your 401(k)?”
Therein lies the reason we no longer see hours of employeeeducation dedicated to style boxes, growth versus valuedefinitions, and other remnants of Modern Portfolio Theory. Thetruth of the matter is people just don't need to know thatstuff.
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Christopher Carosa
Chris Carosa has been writing a weekly article and monthly column for BenefitsPRO online and BenefitsPRO Magazine since 2011 and is a nationally recognized award-winning writer, researcher and speaker. He’s written seven books, including From Cradle to Retire: The Child IRA; Hey! What’s My Number? – How to Increase the Odds You Will Retire in Comfort; A Pizza The Action: Everything I Ever Learned About Business I Learned By Working in a Pizza Stand at the Erie County Fair; and the widely acclaimed 401(k) Fiduciary Solutions. Carosa is also Chief Contributing Editor of the authoritative trade journal FiduciaryNews.com and publisher of the Mendon-Honeoye Falls-Lima Sentinel, a weekly community newspaper he founded in 1989. Currently serving as President of the National Society of Newspaper Columnists and with more than 1,000 articles published in various publications, he appears regularly in the national media. A “parallel” entrepreneur, he actively runs a handful of businesses, including a small boutique investment adviser, providing hands-on experience for his writing. A trained astrophysicist, he also holds an MBA and has been designated a Certified Trust and Financial Advisor. Share your thoughts and story ideas with him through Facebook (https://www.facebook.com/christophercarosa/)and Twitter (https://twitter.com/ChrisCarosa).
