Search results

1 – 1 of 1
Per page
102050
Citations:
Loading...
Access Restricted. View access options
Article
Publication date: 11 May 2015

Naomi E. Boyd, Davide P. Cervone, Presha E. Neidermeyer and Adolph Neidermeyer

– The purpose of this paper is to evaluate the continued adherence to “standing” rules of thumb for the percentage of pre-retirement income which should be available to retirees.

794

Abstract

Purpose

The purpose of this paper is to evaluate the continued adherence to “standing” rules of thumb for the percentage of pre-retirement income which should be available to retirees.

Design/methodology/approach

An analysis of census data to determine both the cause and magnitude of the debt load which retirees are carrying into their post-working years.

Findings

The “standing” rules of thumb appear to provide less than adequate levels of income for retirees to service their continuing debt load which they have chosen to carry into their retirement years.

Research limitations/implications

Census data are subject to the accuracy of “captured information” provided by the surveyed individuals. In this case, the information captured is consistent with generally reported data on the sufficiency of retirement income.

Practical implications

Financial planners need to “get the word out early” that individuals need to consider earlier/greater funding of their anticipated retirement income.

Social implications

Rising retirees may be “precluded” from retiring as anticipated because of the insufficiency of the replacement income they will have during their retirement years.

Originality/value

Detailed census data have not been reviewed in detail with a focus on “individual debt load” as we have performed in this research study.

Details

Journal of Financial Regulation and Compliance, vol. 23 no. 2
Type: Research Article
ISSN: 1358-1988

Keywords

1 – 1 of 1
Per page
102050