Lighten the Load

Sue BerginSue Bergin

Saving for retirement can seem like a daunting task.  When an advisor enters the picture the perceived difficulty of the task lessens.  Before the advisor makes a single recommendation.

It’s all about perception.

A research team at Rutgers recently proved that a task looks lighter if help is promised.  The team asked study participants to estimate how much a sack of potatoes weighed.  If the participant thought he or she would have help lifting it, they guessed it weighed on the average of 9.4 pounds.  If they thought they had to lift it alone, their estimate was 10.5 pounds.

The Rutgers team took a look at how competence shapes perceptions as well.  They ran a study where the aid came in the form of a seemingly injured person, i.e., someone with an arm in a sling.  In those instances, the task didn’t seem lighter at all.

While saving for retirement is intimidating, if clients know they have an expert at their side, the burden will seem lighter.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s