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Enhancing Retirement Success Rates in the United States

Leveraging Reverse Mortgages, Delaying Social Security, and Exploring Continuous Work

  • Book
  • © 2019

Overview

Authors:
  1. Chia-Li Chien

    1. Financial Planning Program, California Lutheran University, Thousand Oaks, USA

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  • Addresses 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?
  • Includes case studies applying research to real-world financial planning cases
  • Closely examines retirement statistics from multiple government surveys
  • Calculates the effects of specific strategies on retirement sustainability

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Table of contents (7 chapters)

  1. Front Matter

    Pages i-xxvi
    Download chapter 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
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Keywords

About this book

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.

Authors and Affiliations

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

    Chia-Li Chien

About the author

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.

Bibliographic Information

  • Book Title: Enhancing Retirement Success Rates in the United States

  • Book Subtitle: Leveraging Reverse Mortgages, Delaying Social Security, and Exploring Continuous Work

  • Authors: Chia-Li Chien

  • DOI: https://doi.org/10.1007/978-3-030-33620-2

  • Publisher: Palgrave Pivot Cham

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2019

  • Hardcover ISBN: 978-3-030-33619-6Published: 16 December 2019

  • Softcover ISBN: 978-3-030-33622-6Published: 16 December 2020

  • eBook ISBN: 978-3-030-33620-2Published: 03 December 2019

  • Edition Number: 1

  • Number of Pages: XXVI, 113

  • Number of Illustrations: 4 b/w illustrations, 10 illustrations in colour

  • Topics: Personal Finance/Wealth Management/Pension Planning

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