Hyperbolic Discounting and Your Retirement Plan

July 1, 2021

By Massi De Santis, CFP

Have you noticed how we often make rational choices in our minds when we look ahead, only to ignore that wisdom when we have to make the same choice in the present? We may reason that “In the Spring I will start a new exercise routine or join a gym.” Or, “As soon as I am through with this busy patch at work I will get my finances in order, make a budget, and work on my investments.”