Financial Advice, Plan Choice, and Retirement Plan Satisfaction

Autor/inn/en	Ryan, Michael P.; Cude, Brenda J.
Titel	Financial Advice, Plan Choice, and Retirement Plan Satisfaction
Quelle	In: Journal of Financial Counseling and Planning, 32 (2021) 1, S.35-51 (17 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	1052-3073
Schlagwörter	Risk; Money Management; Retirement; Retirement Benefits; Planning; Decision Making; College Faculty; Teacher Attitudes; Correlation; Expertise; Universities; Comparative Analysis; Marital Status; Age Groups; Income; Gender Differences; Tenure; Knowledge Level; Likert Scales; Georgia + Suchen Sie Ihr Suchwort? Risiko; Pensionierung; Retirement pay; Ruhegehalt; Ablaufplanung; Planungsprozess; Decision-making; Entscheidungsfindung; Fakultät; Lehrerverhalten; Korrelation; Expert appraisal; University; Universität; Familienstand; Age grop; Altersgruppe; Einkommen; Geschlechterkonflikt; Amtszeit; Beschäftigungsdauer; Wissensbasis; Likert-Skala
Abstract	Most private sector employees have access to defined contribution retirement plans while public sector employees often may choose defined benefit or defined contribution plans. This research utilized a survey of faculty to analyze retirement plan satisfaction. Advice from a financial planner was positively associated with satisfaction with portability. Retirement plan knowledge was negatively associated with satisfaction with the decision period. Selection of a defined benefit plan was positively related to four aspects of satisfaction and negatively related to regret. Financial planners assisting individuals who face such choices should acknowledge the decision's challenges and evaluate the client's level of retirement planning knowledge. Focusing on long-term goals and the client's investment and mobility risk tolerance may be helpful, especially after market corrections. (As Provided).
Anmerkungen	Association for Financial Counseling and Planning Education. 1500 West Third Avenue Suite 223, Columbus, OH 43212. Tel: 614-485-9650; Fax: 614-485-9621; Web site: https://connect.springerpub.com/content/sgrjfcp
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2024/1/01