Building Resources for Retirement Transition: Effects of a Resource-Oriented Group Intervention on Retirement Cognitions and Emotions

Seiferling, Nadine; Michel, Alexandra

doi:10.1093/workar/wax011

Cited by 20 publications

(15 citation statements)

References 57 publications

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“…First, our findings suggest that older workers who experience lower levels of resources or resource declines before transitioning to retirement should be encouraged to act early to better prepare for the retirement transition. For example, participating in retirement preparation programs and getting individualized retirement planning advices may help them better utilize the resources they have and counter the negative influence of resource declines on their retirement adjustment (Seiferling & Michel, 2017; Taylor & Schaffer, 2013). Second, our findings suggest that retirees need to be aware of the impact of their experience during the initial retirement transition period on their well-being thereafter.…”

Section: Discussionmentioning

confidence: 99%

Preretirement resources and postretirement life satisfaction change trajectory: Examining the mediating role of retiree experience during retirement transition phase.

Zhan¹,

Froidevaux²,

Li³

et al. 2023

Journal of Applied Psychology

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Successfully adjusting to retirement represents a major challenge for many older workers. Following the temporal unfolding of retirement process (i.e., preretirement, transition, and postretirement phases), the present study draws on the resource-based dynamic model of retirement adjustment to investigate how a diverse set of preretirement personal resources (i.e., physical health, mental health, financial well-being, family support, proactive personality, and general cognitive ability) impact postretirement change trajectory of life satisfaction through the pathway of retirement transition experience (i.e., retirees’ subjective experience in terms of how well they are adjusting during the transition phase of retirement immediately after the workforce exit). Using multiwave longitudinal data from 667 Chinese older workers transitioning into retirement collected with a prospective design over 2 years, we found positive effects of the levels of preretirement mental health, financial well-being, family support, proactive personality, and cognitive ability on retirement transition experience. We also found positive effects of the changes in physical health, financial well-being, and family support on retirement transition experience. Retirement transition experience, in turn, was associated with older workers’ postretirement change trajectory of life satisfaction. Our findings highlight the importance of the transition phase of retirement, as well as the role of retirement transition experience during this critical phase in explaining the relationships between preretirement resources, in terms of both their levels and changes, and postretirement changes in well-being.

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Section: Discussionmentioning

confidence: 99%

Preretirement resources and postretirement life satisfaction change trajectory: Examining the mediating role of retiree experience during retirement transition phase.

Zhan¹,

Froidevaux²,

Li³

et al. 2023

Journal of Applied Psychology

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show abstract

“…Fourth, further studies could capture longitudinal or crossgenerational strength-oriented incentives to increase retirement selfefficacy. While most retirement interventions aim to facilitate a smooth transition to retirement for older individuals (Seiferling & Michel, 2017), people of different ages might require different approaches to stimulate responsible retirement planning. For example, owing to differences in retirement proximity, the consideration of future consequences likely differs for younger versus older people.…”

Section: Limitations and Future Researchmentioning

confidence: 99%

Positive framing when assessing the personal resources to manage one's finances increases consumers' retirement self‐efficacy and improves retirement goal clarity

Hoffmann

Plotkina

2021

Psychology and Marketing

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People are increasingly expected to take an active role in preparing for a financially secure future, and thus face added personal financial responsibility. Unfortunately, many consumers lack the perceived ability to engage effectively in retirement planning (i.e., retirement self-efficacy) and accordingly fail to envision their financial future and set appropriate goals. However, little is known about how to improve consumers' retirement self-efficacy and when and why potential policy interventions will be more or less effective. In the current paper, we address this shortcoming of prior literature. Through a series of experiments, we show that when consumers assess personal resources to achieve a financially secure future, positive framing focusing on strengths instead of weaknesses is associated with higher retirement self-efficacy through an increased internal locus of control. Higher self-efficacy, in turn, leads to improved retirement goal clarity, with the improvement being more pronounced for individuals having a lower consideration of future consequences. In a follow-up study three months after the initial experimental intervention, we find that retirement goal clarity is positively associated with consumers' level of actual retirement planning activity. Finally, we replicate our findings using an advertisement as an alternative, marketing-relevant, manipulation.

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“…The findings point to the need for an early intervention for pre-retirees in various organizations to build resources, socially and emotionally. This could be achieved by adopting the resourceoriented group intervention technique on retirement by Seiferling and Michel (2017) who have developed cognitive techniques to help pre-retirees to prepare for their transition to retirement by breaking cognitive barriers, limiting intentional future plans. Specifically, these techniques could be reproduced across the organizations and incorporated into the training and development programs for employees.…”

Section: Implications Of the Findingsmentioning

confidence: 99%

Proactive Personality and Social Support With Pre-retirement Anxiety: Mediating Role of Subjective Career Success

et al. 2021

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The main objective of this paper is to investigate the mediating role of subjective career success (SCS) in the relationship between proactive personality, social support (SS), and pre-retirement anxiety. Using a two-wave longitudinal design, 624 pre-retirees were sampled (M = 56.49 years; SD = 4.56); of these, 237 (37.98%) were males and 387 (62.02%) were females. Measurement model and mediation test were performed using the SmartPLS and IBM SPSS Amos software. The result indicated that proactive personality, SS, and SCS showed negative relationships with the dimensions of pre-retirement anxiety (financial preparedness, social obligation, and social alienation). Subjective career success mediated the relationship between proactive personality and pre-retirement anxiety.

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Building Resources for Retirement Transition: Effects of a Resource-Oriented Group Intervention on Retirement Cognitions and Emotions

Cited by 20 publications

References 57 publications

Preretirement resources and postretirement life satisfaction change trajectory: Examining the mediating role of retiree experience during retirement transition phase.

Preretirement resources and postretirement life satisfaction change trajectory: Examining the mediating role of retiree experience during retirement transition phase.

Positive framing when assessing the personal resources to manage one's finances increases consumers' retirement self‐efficacy and improves retirement goal clarity

Proactive Personality and Social Support With Pre-retirement Anxiety: Mediating Role of Subjective Career Success

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