Rice University: 'Zero Bias' in Retirement Investments May Shortchange You
July 28, 2020
July 28, 2020
HOUSTON, Texas, July 28 -- Rice University issued the following news release:
Target Retirement Funds are touted as a simplified investment option for people saving money for their golden years, but Rice University researchers have discovered retirees can be shortchanged by a curious behavioral phenomenon known as "zero bias."
These funds, also known as TRFs, are built based on a goal retirement year, with choices ending in either a zero or a five (such as 203 . . .
Target Retirement Funds are touted as a simplified investment option for people saving money for their golden years, but Rice University researchers have discovered retirees can be shortchanged by a curious behavioral phenomenon known as "zero bias."
These funds, also known as TRFs, are built based on a goal retirement year, with choices ending in either a zero or a five (such as 203 . . .