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Elections have the ability to stir up emotions like nothing else, and even at this early stage in the election cycle, this presidential race has already moved into that territory. While political debate is healthy from a democratic process perspective, it can be dangerous if you allow politics to influence your investment decisions.

Acclaimed author and Nobel laureate Daniel Kahneman's passing leaves a mark on psychology and economics. His research on decision-making biases offers valuable lessons for retirees navigating investments. Here are four key takeaways from his work.

Have you ever opened a bank account for a temporary purpose, like holding house sale proceeds? These accounts might seem insignificant, but if you forget to designate beneficiaries, they can create a major headache for your loved ones after you're gone.