Retirees Find Retirement More Costly than Anticipated…

April 2002
Journal of Financial Planning;Apr2002, Vol. 15 Issue 4, p21
Academic Journal
This article discusses the findings of a study by John Ameriks, Andrew Caplin and John Leahy on retirement spending. First, the authors of the study found that 55 percent of pre-retirees in the U.S. expect a decline in retirement spending and only 8 percent expect an increase. They also found that those who make more in pre-retirement expect their retirement expenditures to decline a smaller percentage relative to pre-retirement expenditures than those who make less. The authors also found that those who spent more than they anticipated tended to have a higher percentage of their portfolio in stocks.


Related Articles

  • THE FLASHING YELLOW LIGHTS OF RETIREMENT PLANNING: FALSE EXPECTATIONS, REALITIES, AND SOME GOOD NEWS. Cutler, Neal E. // Journal of Financial Service Professionals;Nov2004, Vol. 58 Issue 6, p37 

    This article discusses several issues concerning retirement planning in the U.S., based on the results of the January 2004 Retirement Confidence Survey (RCS). This article focuses on three themes. The first pair of themes identifies two sets of false or misguided expectations that U.S. workers...

  • Relocation in retirement takes careful financial, logistical planning. HANSON, WAYNE // Employee Benefit News;Jun2010, Vol. 24 Issue 7, p16 

    The article reports on the need for a careful financial and logistical planning when relocating after retirement. Employees should consider several factors, including the cost of living and health care, before a relocation following retirement. It is also important for future retirees to...

  • MONEY MANAGEMENT Q&As. Weber, Diane // Medical Economics;8/4/2006, Vol. 83 Issue 15, p88 

    The article presents questions and answers related to money management in the U.S. One question deals on how target retirement funds can be used to fund college costs. A reader asks whether freezing credit files can help prevent identity theft. Another question deals with preserving inherited...

  • The Technical Quiz: 12 September.  // Money Marketing (Online Edition);9/12/2013, p55 

    The quiz on retirement, taxation and financial planning is presented.

  • Turn a dream into a financial opportunity.  // South Asian Post;3/20/2014, p19 

    The article offers suggestions for financial, insurance and retirement planning through financial conversation between spouses, parents and children, money management, and by setting financial goals.

  • How to make your child a millionaire. Smith, Stuart // Pulse;5/18/2006, Vol. 66 Issue 20, p52 

    The article presents financial plans on how to set children or grandchildren up for a comfortable retirement in Great Britain. Since April 2001, it has been possible for children to have their own private pension plans, which can fund around £3,600 annually. In addition, paying pension...

  • Nurses and Financial Planning: A Continuing Dialogue.  // Oklahoma Nurse;Jun-Aug2006, Vol. 51 Issue 2, p14 

    Presents a dialogue on nurses and financial planning in Oklahoma. Challenges in working with women who are in need of help with financial planning; Reason behind the lack of financial planning among nurses who are approaching retirement age.

  • Personal Financial Management. Scandlyn, Joy // Chartered Accountants Journal;Feb2007, Vol. 86 Issue 1, p73 

    The article offers advice on personal financial management in New Zealand. It emphasizes the need to determine the amount of money needed to save for retirement. The article discusses the key factors to consider when planning for retirement, including the retirement age and the four main asset...

  • Retirement Destinations. Diliberto, Roy; Anthony, Mitch // Journal of Financial Planning;Nov2004, Vol. 17 Issue 11, p30 

    This article discusses how financial planners can help their clients plan for retirement. Often, financial planners and clients discuss retirement as an economic destination, which often results in clients arriving at an economic goal but being homeless in an existential sense--ill at ease with...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics