Retirement Planner

Eric Bruker has been professor of economics at Widener university since 2002. He also, was the Dean at the school of Business Administration at Widener university from 2001 to 2004. Karen Leppel is a professor of Widener University Department of Economics. The authors have an authority on the topic because their education and work experience.

In the article Retirement plans: Planner and nonplanner, Bruker and Leppel analyzed a survey in Pennsylvania Department of Education to examine the different characteristics between those individuals with effective retirement plans and those who do not. They used data in combination with numerous element such as age, marital status, education, high net worth, etc. to analyze the differences of both groups.
Base on the survey study Bruker and Leppel stated that married people were including among the planner and on the contrary unmarried does not. People with a high net worth were among the planner with a successful retirement plans and those with low net worth were not considered. Moreover, individuals with financial literacy were included because the authors state that there is a connection between financial literacy, retirement plans and those that lack financial literacy were not included. Further, the survey analysis shows other factors among planner. For example, self-employed have many options to have effective retirement plan, those who seek guidance for professional are more likely to choose one, and health issues can be a big influence with the decision of retirement plan. Moreover, the table show other elements that have an influence among nonplanar. For example, those people that depend on social security only, others that work in organization without retirement plans, and women were must less likely to have a retirement plans. Furthermore, the author expresses that inertia, procrastination, and low expectation were great influence on those individuals without clear and successful retirement plans. The authors conclude the research analysis contrasting the different characteristics among the planner and nonplanners. This article is useful for students in the financial investment field and for the general audience to be inform on retirement plans. This material was found using the Super Search tool on Radford university’s McConnell library website with the next key words: financial investment.