Retirees, Financial Planning Horizon, and Retirement Satisfaction

Blain M. Pearson; Donald Lacombe

doi:10.2478/fprj-2022-0002

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Retirees, Financial Planning Horizon, and Retirement Satisfaction

Financial Planning Research Journal

Volume 8 (2022): Issue 1 (December 2022)

By: Blain M. Pearson and Donald Lacombe

Open Access

|Mar 2024

Abstract

This study examines the association between retiree financial planning horizon and retirement satisfaction using longitudinal data collected from the Health and Retirement Study. The results indicate that retirees with long-term financial planning horizons, compared to retirees with short-term financial planning horizons, are more likely to be satisfied with their retirement. The findings and ensuing discussion highlight the need for long-term financial planning during retirement and the need for financial planners to regularly engage in financial planning throughout their clients’ retirement.

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Articles in this issue

DOI: https://doi.org/10.2478/fprj-2022-0002 | Journal eISSN: 2206-1355 | Journal ISSN: 2206-1347

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Language: English

Page range: 26 - 39

Published on: Mar 22, 2024

Published by: Financial Advice Association of Australia

In partnership with: Paradigm Publishing Services

Publication frequency: 2 issues per year

Keywords:

Financial Planning,

Financial Planning Horizon,

Retirement Adequacy,

Retirement Planning,

Retirement Satisfaction

Related subjects:

Business and economics,

Political economics,

Economic theory, systems and structures,

Business management,

Business management, other,

Industries,

Banks, financial service provider, insurers

© 2024 Blain M. Pearson, Donald Lacombe, published by Financial Advice Association of Australia
This work is licensed under the Creative Commons Attribution 4.0 License.

Volume 8 (2022): Issue 1 (December 2022)