Investor inertia or the condition where investors are comfortable doing nothing is a well-documented phenomenon. Investors worry about making the wrong decision or just being too comfortable with the status quo. Faced with too many choices, they do not know what to do. They dislike tasks that entail making multiple decisions. Paperwork is something they hesitate to take on as it involves time, too many details, and the need to deal with multiple agencies. Denial is preferred instead.
This behaviour has caused many people to struggle in their retirement years, despite high incomes and successful careers explain Wealth Management