Four Key Issues To Guide Future Research In Retirement Planning
- John L. Harris
Published 2005, "Four Key Issues To Guide Future Research In Retirement Planning", Journal of Personal Finance, 2005- Volume 4
- This paper discusses four critical topics to guide the research agenda for retirement planning: market variability, risk tolerance, asset-liability matching, and household spending projections. These four issues, which focus on the investment strategy portion of financial planning, are important individually as well as collectively. For the looming Baby Boomer generation, the importance of asset accumulation will diminish while the significance of asset distribution will intensify. The asset distribution phase carries a unique set of planning challenges requiring a better understanding of the impacts of market variability, risk control, asset-to-spending conversion, and projected retirement income patterns.