Retirement

Devi wanted a lock-in to protect her savings from daily needs—something I had initially dismissed as a drawback.
But she was right: discipline often matters more than flexibility, especially for long-term goals.
Low-income households, as research shows, actively create barriers to prevent premature spending.
Even wealthier investors face the same struggle of staying committed to long-term plans.
Financial products like insurance tried to enforce this discipline, but often at high costs and poor returns.
Solution-oriented mutual funds offered a better balance—goal focus, reasonable lock-ins, and market-linked returns.
Regulatory attempts to remove such options risk pushing investors toward inferior alternatives.
In the end, good financial outcomes depend not on fewer choices, but on clearer products and better guidance.