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- Title
Retirement Modeling Software: An Effective Tool but, Without a Plan and Some Motivation, the Tool Is Limited.
- Authors
Duffy, Brian
- Abstract
This article examines the practicability of a retirement modeling software. It is said that retirement modeling software can be a powerful tool if delivered within the framework of an overall program of personal financial education. It is also essential to communicate the program aggressively and to generate the motivation needed to change employees's financial behavior to work to their best advantage. It is noted that the software should allow the employee to create different model portfolios that take into account the challenge of funding postretirement medical expenses and modeling income replacement.
- Subjects
COMPUTER software; RETIREMENT; EMPLOYEE benefits; RETIREMENT planning; RETIREMENT policies; SYSTEMS design
- Publication
Benefits Quarterly, 1995, Vol 11, Issue 4, p12
- ISSN
8756-1263
- Publication type
Article