Retirement as a Critical Life Event

Matthews, Anne Martin; Brown, Kathleen H.

doi:10.1177/0164027587094004

Cited by 73 publications

(24 citation statements)

References 43 publications

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“…The decision to retire is complex and entails much more than just a decision to stop working full-time (Reitzes, Mutran, and Fernandez, 1998). Research on retirement over the past decades has found that most retirees look forward to retirement, are happy with this time and suffer no ill-effects as a result of labor force withdrawal (Beck, 1992;Ekerdt, 1987;Ekerdt and Bosse, 1982;Martin Matthews and Brown, 1987;Sacombee and Lee, 1986). Atchley (1982) found that while activity levels were important for men and women retirees, the similarity ended after that.…”

Section: Literature Reviewmentioning

confidence: 99%

“…For women, good health and older age were predictive of life satisfaction during retirement, whereas having an adequate income and many goals were important for men. Martin Matthews and Brown (1987) found occupational factors and health to be important for men's morale, while only health had an influence on women. In contrast Sacombee and Lee (1986) found health, marital status, and income to be predictors of satisfaction for both men and women.…”

Section: Literature Reviewmentioning

confidence: 99%

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University‐Provided Retirement Planning Support and Retiree Financial Satisfaction During Retirement: Differences by Gender, Job Classification, and Planning Behavior

Power¹,

Hira²

2004

Risk Manage Insurance Review

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Sound financial planning and financial advice is necessary to achieve retirement income adequacy. The shift from defined benefit to defined contribution pension plans and the recent bankruptcy of Enron Corporation underscore the importance of managing retirement accumulation and liquidation risks. This study analyzes the effectiveness and adequacy of institutional-provided information and advice on employees' retirement planning decisions and their satisfaction with financial resources during retirement. Results suggest that retirement planning should begin earlier in an employee's career and that employer-provided retirement information and advice is a highly valued service. Gender, planning practices, job classification, and age are all significant predictors of satisfaction with financial resources during retirement. Targeting women and union employees with retirement information and advice that focuses on allocating contributions using a balanced portfolio approach should result in significant increases in satisfaction with financial resources during retirement. Regulatory objectives should focus on reducing retirement accumulation and liquidation risks, improving the delivery of professional financial advice to plan participants, and expanding qualified retirement plan choice for all labor force participants. To encourage employer participation in employee retirement planning, employers acting in "good faith" should be federally protected from liability for providing retirement planning information and advice to employees.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

University‐Provided Retirement Planning Support and Retiree Financial Satisfaction During Retirement: Differences by Gender, Job Classification, and Planning Behavior

Power¹,

Hira²

2004

Risk Manage Insurance Review

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“…Differences in adaptation to retirement may be related to the differ ences of individuals' earlier development and their actual life situation: The meaning of retirement differs from one individual to another. An important task for research is, thus, to delineate the characteristics of indi viduals, and the specific conditions of retire ment, associated with problems in adjust ment to retirement [6,7], Many studies dealing with the effects of retirement have been retrospective and cross-sectional and often have not included any control group. These kinds of study de signs are particularly problematic if the aim is to analyze changes probably caused by retirement from employment.…”

Section: Introductionmentioning

confidence: 99%

Physical and Mental Health Changes in Retirement Age

Salokangas¹,

Joukamaa²

1991

Psychother Psychosom

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Effects of retirement on health were studied in a prospective follow-up study (TURVA project). The subjects were examined when they were 62 and 66 years old. At the beginning of the study more than half of the subjects were still working and the rest of them pensioned. Retirement had no clear effect on the subjects’ physical health. Mental health of the subjects who retired at age of old-age retirement became better than that of the subjects who retired before the study. Diminished work stress may explain positive changes in mental health during retirement process.

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“…Some researchers rely on general adjustment measures such as life satisfaction or morale (Dorfman, Kohout, & Heckert, 1985; Matthews & Brown, 1987). Such measures may not adequately capture adaptation to the retirement transition.…”

Section: Methodsmentioning

confidence: 99%

Is Housework Good for Retirees?

Szinovacz¹

1992

Family Relations

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Retirement as a Critical Life Event

Cited by 73 publications

References 43 publications

University‐Provided Retirement Planning Support and Retiree Financial Satisfaction During Retirement: Differences by Gender, Job Classification, and Planning Behavior

University‐Provided Retirement Planning Support and Retiree Financial Satisfaction During Retirement: Differences by Gender, Job Classification, and Planning Behavior

Physical and Mental Health Changes in Retirement Age

Is Housework Good for Retirees?

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