Retirement planning guidelines

a Delphi study of financial planners and educators

Authors

  • Sue Alexander Greninger Department of Human Ecology, University of Texas at Austin, Austin, TX 78712, USA
  • Vickie L. Hampton Family Financial Planning Program, Box 41162, Texas Tech University, Lubbock, TX 79409, USA
  • Karrol A. Kitt Department of Human Ecology, University of Texas at Austin, Austin, TX 78712, USA
  • Susan Jacquet California Social Work Education Center, UC Berkeley School of Social Work, 120 Haviland Hall, Berkeley, CA 94720, USA

DOI:

https://doi.org/10.1016/S1057-0810(01)00069-5

Keywords:

Asset allocation, Retirement guidelines, Retirement needs analysis, Retirement planning

Abstract

Retirement planning guidelines were determined using a Delphi research design among 188 financial planners and educators. Consensus was found for using a 4% inflation rate, an 8.5% rate of return on investments, and a replacement ratio of 70 – 89% of current income when making retirement projections. Nine-tenths of the experts agreed that families should have achieved 50–60% of their retirement savings goal by age 50 and 85–90% by age 60. Regarding asset allocation, over 60% felt it was prudent to start moving toward more conservative investments about 3–5 years before retirement. Recommendations were developed on the proportion of growth-oriented equities to hold at various points prior to and after retiring. While the level of consensus was high, occupational and gender differences were noted. © 2001 Elsevier Science Inc. All rights reserved.

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Published

2000-09-30

How to Cite

Greninger, S. A., Hampton, V. L., Kitt, K. A., & Jacquet, S. (2000). Retirement planning guidelines: a Delphi study of financial planners and educators. Financial Services Review, 9(3), 231–245. https://doi.org/10.1016/S1057-0810(01)00069-5

Issue

Vol. 9 No. 3 (2000): Financial Services Review

Section

New Original Submission

License

Copyright (c) 2000 Elsevier Science Inc.

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