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Financial Decision Making and Retirement Security in an Aging World$
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Olivia S. Mitchell, P. Brett Hammond, and Stephen P. Utkus

Print publication date: 2017

Print ISBN-13: 9780198808039

Published to Oxford Scholarship Online: November 2017

DOI: 10.1093/oso/9780198808039.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 30 November 2020

Advice in Defined Contribution Plans

Advice in Defined Contribution Plans

(p.96) Chapter 6 Advice in Defined Contribution Plans
Financial Decision Making and Retirement Security in an Aging World

Gordon L. Clark

Maurizio Fiaschetti

Peter Tufano

Oxford University Press

As Baby Boomers reach retirement age, they are reshaping the landscape of the retirement phase with a shift in their mindset; they are pursuing old dreams, exploring new opportunities, and thinking about retirement in an entirely new manner. In this chapter the authors examine how Americans are preparing for retirement and analyze the life priorities that are most important to today’s retirees: Health, Home, Family, Work, Giving, Finances, and Leisure. Although there is much optimism and opportunity that comes with this new wave of retirement, there is new concern as well. As the average lifespan increases, health issues are also becoming more prevalent. This chapter explores the many issues, both positive and negative, that both create and are a result of this new take on the retirement life stage.

Keywords:   retirement, longevity and aging, Baby Boomers, health, home, family, work, giving, finances, leisure

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