In this episode of “Your Telecom Retirement,” we delve into the realm of cognitive biases, specifically focusing on the Dunning-Kruger Effect and its implications for investment and retirement planning. Join me as we explore how this psychological phenomenon influences our financial decision-making processes. What You’ll Discover: [00:01] An introduction to cognitive biases and a deep dive into the Dunning-Kruger Effect, and its relevance in financial planning [01:16] A discussion on the unpredictability of economic recessions and growth, and how people often miss these trends in their investment decisions [15:57] A cautionary tale about the dangers of making mistakes with your investments and financial life due to cognitive biases like the Dunning-Kruger effect [20:24] A real-life example illustrating the Dunning-Kruger Effect in financial decision-making scenarios [22:18] Insights into the potential financial consequences of cognitive biases, and how they might negatively affect your retirement planning Join us in this episode to decode the mysteries of cognitive biases and learn how to better navigate the financial landscape by understanding the Dunning-Kruger Effect. EPISODE LINKSYou can download a free digital copy of Dennis’ book “Retirement Built Right – The Essential Guide for Telephone Employees!” here: https://theverizonguy.pages.ontraport.net/ebookoptin ABOUT THE SHOWTap into Dennis O’Keefe’s 30+ years of experience helping telecom employees maximize their company-specific benefits packages for situations including early retirement, buyout offers, career changes and more! Featuring actionable, practical how-to advice along with stories of REAL telecom employees Dennis has helped navigate through every benefits situation imaginable, each episode of “Your Telecom Retirement” focuses on how to maximize the money you take out of your time working for telecom. Dennis’ expertise has been featured by Business Insider, The Boston Globe and Yahoo! Finance. WHERE YOU CAN FIND ME: Connect with Dennis O’Keefe on LinkedIn! Successful Money Strategies, Inc. – Financial Planning Services Get the Latest Tips & Strategies for a Successful Retirement