Does Retirement Planning Affect the Level of Retirement Satisfaction?

TitleDoes Retirement Planning Affect the Level of Retirement Satisfaction?
Publication TypeJournal Article
Year of Publication1999
AuthorsElder, HW, Rudolph, PM
JournalFinancial Services Review
Volume8
Issue2
Pagination117-27
Call Numberpubs_1999_Elder_HFinSerRev.pdf
KeywordsAdult children, Demographics, Employment and Labor Force, Health Conditions and Status, Net Worth and Assets
Abstract

This article analyzes the relationship between retirement planning and retirement satisfaction. Planning for retirement is positively related to the level of retirement satisfaction. As expected, individuals with higher incomes, larger net worths, and those who have partners are significantly more likely to be satisfied in retirement. However, even after controlling for these variables, results show that planning does indeed impact the level of retirement satisfaction. Furthermore, planning implies a higher level of satisfaction even for those who did not make the decision to retire voluntarily- - either because of health problems or an employer's decision.

Endnote Keywords

Labor/Economic Status/Health Status/Family/Basic Demographics

Endnote ID

8390

Citation Key6662