Retirement Preparation

Academic Articles & Resources

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2019 UK Workplace Pension Report
One in eight UK retirees relies solely on their state pension with thousands of Britons facing retirement poverty because we are still not saving enough. The Workplace Pensions report, published in The Times, explores some of the reasons why, particularly in the case of NHS workers who are opting out of their NHS pensions in increasing numbers. It also covers ways to tackle this issue, from addressing the gender pension gap to embracing corporate financial wellness programs. Also featured is a look at six of the top challenges facing pensions in 2019 and comment on how the pensions industry needs to start investing to tackle climate change

2018 Special Report: The ROI of Improving Employee Retirement Preparedness
Inadequate retirement preparation has a measurable impact on employers from the costs of delayed retirements for employees who would like to retire but are financially unable to do so. In this report Financial Finesse proposes best practices for workplace financial wellness programs to offer retirement guidance across an employee’s full career. Additionally, they analyze the positive impact of financial coaching on improving retirement outcomes. They offer a model for measuring the ROI of reducing the costs of delayed retirement for these employees

Perceived Helpfulness of Financial Well-being Programs: Results From the 2017 and 2018 Retirement Confidence Surveys
In this special report analyzing data from its 2017 and 2018 Retirement Confidence Surveys, the Employee Benefit Research Institute (EBRI) notes that a significant percentage of workers across the board reported feeling stressed about preparing for retirement in both surveys. In particular, workers with lower incomes (64{21ff4f36868fa9830ff11f4d939007e345b08a69fa4833b8bf3a08fd16b9151c}), those who have not calculated how much they will need to save for retirement (65{21ff4f36868fa9830ff11f4d939007e345b08a69fa4833b8bf3a08fd16b9151c}), and those in fair or poor health (75{21ff4f36868fa9830ff11f4d939007e345b08a69fa4833b8bf3a08fd16b9151c}) said that they strongly or somewhat agreed that preparing for retirement makes them feel stressed in the 2018 survey.

Retirement Education Preferences: 2018 Participant Survey Results eBook
The 2018 survey was designed to give insight into what retirement topics plan participants are interested in, what educational resources they want to help guide them to financial security in their retirement years, and how well they understand their retirement plans. The survey delves into demographic trends to offer further insight into how age and gender differences may impact retirement education preferences.

Financial Savvy Linked To Better Later Life Outcomes-June 2018
This study is part of a larger body of research examining how literacy and decision making abilities in different areas of life can affect the health and well-being of older adults. The main finding of this study is that a better ability to understand and utilize financial concepts was related to a lower risk of hospitalization in old age.

All About Retirement: An Employer Survey – August 2017
Since 1998, Transamerica Center for Retirement Studies® has conducted a national survey of U.S. business employers and workers regarding their attitudes toward retirement. The overall goals for the study are to illuminate emerging trends, promote awareness, and help educate the public. It has grown to be one of the longest running and largest national surveys of its kind.

2017 RICP® Retirement Income Literacy Report
This report was designed to assess retirement literacy among individuals who are nearing or already in retirement. More specifically, the goal was to determine whether retirees and pre-retirees have the knowledge they need to successfully plan for a financially secure retirement.

Gig Workers in America – Profiles, Mindsets, and Financial Wellness
In this report, based on the Gig Worker On-Demand Economy survey, Prudential explores the nature of work, attitudes, satisfaction levels, and both the advantages and disadvantages of gig employment, while outlining ways to improve the financial wellness of this growing workforce.

Cognitive Aging and the Capacity to Manage Money
Anek Belbase and Geoffrey T. Sanzenbacher

Financial Education and Advice Changes Worker Attitude and Behaviors
Jinhee Kim and E. Thomas Garman

Retirement Savings and the Poor Financial Behaviors of Workers
Thomas Garman

Workers Want More than Retirement Education at Their Workplace: A Report of Research Findings
So-hyun Joo and E. Thomas Garman

Are you ready for retirement?
Jerry Kalish

The Crises in Pensions and Retirement Plans
Accounting Degree Review

Impact of Retirement Worry on Information Processing
Oklahoma State University: Journal of Neuroscience, Psychology, and Economics
Helen C. Gutierrez and Douglas A. Hershey

Hey Dude, That New Pension Protection Act is Sweet:But Maybe Not For Retirement Dreams
Dennis Ackley

Profit Sharing/401k Council of America, Plan Sponsor
Garman & Field

Effective Financial Planning for Retirement
Oxford Handbook of Retirement
D.A. Hershey, J.M. Jacobs-Lawson, & J.T.Austin

Baby Boomer Retirement Security
Journal of Monetary Economics
Annamaria Lusardi and Olivia Mitchell

Financial Literacy and Retirement Preparedness
Business Economics
Annamaria Lusardi and Olivia Mitchell

Literacy, Trust and 401(k) Savings Behavior
Center for Retirement Research at Boston College
Agnew, Szykman, Utkus, & Young

Factors Related to Retirement Confidence: Retirement Preparation and Workplace Financial Education
Financial Counseling and Planning
Kim, Kwon & Anderson

Workplace Financial Education Participation and Retirement Savings by Employees and Their Spouses
Journal of Personal Finance
Kim, Garman & Quach

Projected Retirement Adequacy of Workers Age 50 to 61: The Role of 401(k) Plans in the Context of Total Wealth
Profit Sharing/401k Council of America
Hanna & Garman