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5 Key Pitfalls of Retirement Planning Tools
Why Those Online Self-Service Tools Aren't the Best
A recent research study found that publicly available retirement planning tools exhibit substantial drawbacks, making the results far from optimal for individuals seeking help in planning for retirement.
Here are five pitfalls you may encounter using the tools:
- Lack of decumulation options
- Exploitation of naive users
- Lack of precision in considering variables
- Inaccurate assumptions
- Failure to recognize a range of important risks and factors
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