Factors Affecting Retirement Plan Choices

Explore our research on this topic

July 2013

Given the widespread transition from defined benefit (DB) to defined contribution (DC) retirement plans, Americans increasingly face the challenge of assessing whether their saving behavior is likely to provide a secure retirement.

November 2011

Senior faculty fall into three groups—25% who expect to retire by a normal retirement age; 15% who expect to, but would prefer not to, work past normal retirement age; and 60% who would like to and expect to work past normal retirement age.

June 2011

Americans reaching traditional retirement ages during the past two decades and today face a different retirement environment than did prior cohorts of workers. In response to a very different environment, retirement patterns have changed dramatically since the mid 1980s.

January 2011

A growing literature shows how consumers make mistakes in a variety of different settings pertinent to financial decision-making.

January 2011

The findings discussed here suggest that people with lower levels of education, income, and financial literacy rely far more heavily on employers, coworkers, and friends, than they do on cost fundamentals, when choosing pension funds.

November 2010

Advisors need to understand the way investors think about decisions and the process through which decisions are made.

January 2010

Individuals face an array of planning issues as they grow older and approach retirement. Sixty percent of near-retirees in higher education have consulted with a financial advisor or other financial professional within the past two years regarding their retirement and preparing for it.

April 2009

Are individuals are well equipped to make financial decisions, i.e., do they possess enough financial literacy to function effectively in today’s complex marketplace?

November 2008

This paper examines the two sets of factors controlled by a worker and affecting a person’s Social Security benefit.