Academic Journal
Is There an "Ideal" Retirement Age?
| Title: | Is There an "Ideal" Retirement Age? |
|---|---|
| Authors: | Migliaccio, John N.1 jnmigliaccio1@gmail.com |
| Source: | Journal of Financial Service Professionals. Nov2023, Vol. 77 Issue 6, p25-30. 6p. |
| Abstract: | At some point, every working person will face the decision about whether to retire, and the resulting decision emerges about when to do it. It can always be undone, and a return to work in some form can ensue, but the decision tree must be negotiated in some manner whether once or multiple times. Financial professionals obviously have a significant role in the financial capacity of their clients to do so. All have probably also encountered their clients' attitudes, quandaries, questions, issues, eligibility, and challenges about both the decision and the capacity in some form or another. Aside from finances and related issues, others such as health, age, personal and spousal life expectancy, family care responsibilities, socioeconomic conditions, anxiety, and innumerable others may go into the process. For some, all of these are negotiated quickly and successfully. Others may require additional resources and understanding on the part of the financial professional. Understanding some of the personal and demographic dynamics can assist in making the decision process more successful for both. [ABSTRACT FROM AUTHOR] |
| Subject Terms: | *Retirement age, *Decision trees, *Decision making, Life expectancy |
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| ISSN: | 15371816 |
| Database: | Business Source Complete |
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