The International Association of Registered Financial Consultants (IARFC®) has available a new White Paper – Is Retirement That Easy? Authored by Matthew Russell, MBA, C. Ramel Strong, CFP®, CIPM, Jodi Krausman, CPA, PMP, and Derek Lawson, Ph.D., CFP®. This study investigates the relationship between sociological characteristics and retiring on time within a sample of 2,129 US individuals over age 50 from the Health and Retirement Study.
Sociological factors were operationalized through the theory of planned behavior constructs of attitude, subjective norms, and perceived behavioral control. Results of confirmatory factor analysis (CFA) within a structural equation modeling framework revealed that intention to retire and perceived behavioral control are positively associated with early or on-time retirement.
Attitudes and subjective norms, measured by financial rules of thumb, were not related to retirement intent. This study adds to the body of knowledge with a positive association of attitudes and perceived behavioral control on early or on-time retirement while financial rules of thumb alone do not ensure financial success.
This publication is free and can be accessed by going to the IARFC store and ordering this White Paper along with prior papers.
“The IARFC White Papers address tips and techniques to apply to our practice, along with research that may cause us to think outside the box,” related Dr. H. Stephen Bailey, MRFC®. “I think we all can continue to learn through these easily available documents.
If you have any questions or further inquiries, contact susan@iarfc.org, IARFC Public Relations for more information.
