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- Title
SAVING TOO MUCH MONEY FOR RETIREMENT: ARE THERE GENERATIONAL DIFFERENCES?
- Authors
Cutler, Neal E.
- Abstract
The article presents information on retirement planning. Financial planners who have studied financial gerontology know that a person's age measures two different aspects of his or her attitudes and behavior: maturation, typically referred to as aging, and generation, which demographers and gerontologists often refer to as birth cohort. Financial planning is full of ambiguities--personal, family, community, the national economy--and all of these begin in childhood or young adulthood and evolve over the course of a life span. Financial planners know this and individual differences are always taken into consideration when planning for the near and for the distant future. To the degree that one think of decisions as reflecting either tipping points or blinks inconclusive research in such areas as finance and health can become quoted and repeated enough to take on the mantle of truth. This an especially critical concern, some might say dangerous, as increasingly one gravitate toward evidence-based practice where data and numbers can take on too much credibility when offered with too little context.
- Subjects
RETIREMENT planning; INDIVIDUAL retirement accounts; COHORT analysis; FINANCIAL planning; INVESTMENT advisors; INCOME in respect of decedent
- Publication
Journal of Financial Service Professionals, 2005, Vol 59, Issue 6, p28
- ISSN
1537-1816
- Publication type
Article