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Thirdly, the dollar-cost averaging can also be accomplished through the use of automatic savings plans because it enables you to buy investments with consistency as time goes and irrespective of the market conditions, thereby reducing much of the emotional influence of the market and encouraging more discipline regarding investment.
3. Realistic Retirement Goals
People overestimate how much they will have or discover they need in retirement because of optimism bias or simply because they cannot see into the future.

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