Enhancing Retirement Success Rates in the United States

1. Front Matter

   Pages i-xxvi

   PDF

2. Introduction to the Research Study

   • Chia-Li Chien

   Pages 1-15

3. Prior Research Review and Overview of Enhanced Retirement Strategies

   • Chia-Li Chien

   Pages 17-27

4. Research Methodology

   • Chia-Li Chien

   Pages 29-43

5. Results: Establishing a Base

   • Chia-Li Chien

   Pages 45-57

6. Effect of Adding HECM to the Base

   • Chia-Li Chien

   Pages 59-72

7. Effect of Delaying Claiming Social Security Benefits and Continuing to Work

   • Chia-Li Chien

   Pages 73-96

8. How to Use This Research

   • Chia-Li Chien

   Pages 97-110

9. Back Matter

   Pages 111-113

   PDF

This book and the underlying research address the questions: “How successful are U.S. retirees at sustaining assets from retirement to death?” and “What retirement strategies will enhance their ability to live a successful retirement?” Taking a hard look at real-world retirement statistics from multiple government surveys to answer those questions, it calculates the effects of specific strategies on retirement sustainability. It also discusses the background to prior retirement planning research and describes the three research groups used: 1) determining the success rates of the base population considering only social capital annual income and distributions from portfolios of financial assets, 2) adding the strategy of home equity conversion mortgages, and 3) increasing annual income through delayed social security benefit claiming and continuing work after retirement. The book then examines and compares the results for each to determine whose retirement will be most enhanced by the strategies. Lastly, it presents case studies applying research to real-world financial planning cases.

• Retirement Income Strategies
• HECM
• Delaying Claiming Social Security
• Scaling Factors
• Retirement Success Rates
• Financial Planning
• Home Equity Conversion Mortgages
• Retirement Planning
• Retirement Income Planning
• Retirement Assets
• Retirement Strategies
• Retirement Balance Sheet Assets
• household finance

• Financial Planning Program, California Lutheran University, Thousand Oaks, USA

  Chia-Li Chien

Chia-Li Chien, Ph.D., CFP®, PMP®, is an Assistant Professor and Director of the Financial Planning Program of California Lutheran University and a Succession Program Director at the Value Growth Institute. She authored two award-winning books, Show Me the Money (2010) and Work Toward Rewards (2012). She frequently speaks at local and national conferences. She hosts succession blog at valuegrowthinstitute.com, leads pro bono projects, and serves on the boards of various national financial service associations.

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