Time Preference and Retirement Planning Strategies

We evaluate the effect of time preference on the choice of four retirement planning strategies and accumulated retirement wealth. Results show a negative ...

Planning for Retirement? The Importance of Time Preferences

In addition, this information informs the design of both government and employer policies related to retirement timing and to retirement income security.

Time preference and the importance of saving for retirement

Younger respondents who indicate a willingness to save and plan are far more likely to have greater wealth later in life (Hurst, 2003), and those who have ...

Do retirement planning strategies alter the effect of time preference ...

ABSTRACT. An individual's willingness to accumulate retirement wealth is influenced by their preference for intertemporal consumption. People ...

Planning for Retirement? The Importance of Time Preferences | NBER

The findings indicate that the way that individuals discount future consumption is associated with the extent of their retirement planning and ...

Planning for Retirement? The Importance of Time Preferences

Finally, individuals' retirement timing is associated with time preferences but only among individuals with a retirement plan. In total, our results highlight ...

Do retirement planning strategies alter the effect of time preference ...

Terrance K. Martin & Michael A. Guillemette & Christopher M. Browning, 2016. "Do retirement planning strategies alter the effect of time preference on ...

RESEARCH DIALOGUE - TIAA

relationship between standard time preference and retirement savings in discounted utility models is well-understood, ... passive investment strategies, when they ...

Do Retirement Planning Strategies Alter the Effect of Time ...

An individual's willingness to accumulate retirement wealth is influenced by their preference for intertemporal consumption.

Time Preference and the Importance of Saving for Retirement

Cognitive skills affect economic preferences, strategic behavior, and job attachment. ... Planning and the effectiveness of retirement saving. Mimeo, Dartmouth ...

Planning for Retirement? The Importance of Time Preferences

We then assess the “quality” of a retirement plan and whether retirement behavior is consistent with these plans. The findings indicate that the way that ...

Inconsistent Retirement Timing - Journal of Human Resources

Inconsistent time preferences do not only influence the final retirement decision but ongoing retirement plans as well. When coming closer to ...

Do retirement planning strategies alter the effect of time preference ...

The retirement planning strategies included calculating a retirement income need, hiring a financial planner for retirement or engaging in both of these ...

Understanding Preretirees' Retirement Income Preferences

... financial literacy, which affects their retirement planning.1. So introducing a plethora of complicated financial products and strategies to them at a time ...

Journal of Economic Behavior & Organization Time Preference and ...

This study models the importance respondents place on saving for retirement as a function of time preference using a sample of 6812 undergraduate and ...

Time Preference And Retirement Planning - FasterCapital

It is important to consider your time preference when creating a retirement plan because it can impact the amount of money you need to save, the types of ...

Planning for Retirement? The Importance of Time Preferences

Further, retirement planning behavior is measured both subjectively and objectively, and time preferences have an association with subjectively measured ...

High or Low Time Preference: How Does It Impact Your Financial ...

High time preference can get in the way of effective financial planning — it can be difficult to save, invest, and plan for the future. Your ...

Essential steps for retirement planning | Empower

Most people can't save enough to retire. Instead, compounding does a lot of the heavy lifting. The earlier you start investing, the more time your investments ...

3 Stages of Retirement: How You Can Prepare Financially

Topics to discuss with your advisor · Reevaluating your investment strategy to increase the odds you won't outlive your assets · Considering the financial ...