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For much of the past two decades, the conventional wisdom has been less is more. Plan participants with limited investment knowledge can be overwhelmed by more options—a phenomenon known among behavioral economists as “choice overload.”
That can trigger paralysis, and in the worst case, scare a worker away from deferring earnings to 401(k)s.
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Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
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