Michael S. Finke

The American College

Dean

Bryn Mawr, PA 19010

United States

SCHOLARLY PAPERS

52

DOWNLOADS
Rank 697

SSRN RANKINGS

Top 697

in Total Papers Downloads

26,813

CITATIONS
Rank 19,382

SSRN RANKINGS

Top 19,382

in Total Papers Citations

16

Scholarly Papers (52)

1.

The 4 Percent Rule is Not Safe in a Low-Yield World

Number of pages: 15 Posted: 16 Jan 2013 Last Revised: 17 Jan 2013
Michael S. Finke, Wade D. Pfau and David Blanchett
The American College, The American College and Morningstar Investment Management
Downloads 4,514 (699)

Abstract:

retirement, systematic withdrawals, 4% rule, safe withdrawal rates

2.

Asset Valuations and Safe Portfolio Withdrawal Rates

Number of pages: 17 Posted: 28 Jun 2013 Last Revised: 01 Jul 2013
David Blanchett, Michael S. Finke and Wade D. Pfau
Morningstar Investment Management, The American College and The American College
Downloads 3,419 (1,825)

Abstract:

retirement, asset valuations, withdrawal rates, Monte Carlo

3.

Optimal Portfolios for the Long Run

Number of pages: 26 Posted: 06 Sep 2013 Last Revised: 05 Feb 2014
David Blanchett, Michael S. Finke and Wade D. Pfau
Morningstar Investment Management, The American College and The American College
Downloads 2,752 (2,360)

Abstract:

time diversification, portfolio choice, stock allocation

4.

Old Age and the Decline in Financial Literacy

Forthcoming in Management Science
Number of pages: 40 Posted: 24 Oct 2011 Last Revised: 30 Oct 2015
Michael S. Finke, John S. Howe and Sandra J. Huston
The American College, University of Missouri at Columbia - Department of Finance and Texas Tech University
Downloads 1,626 (3,716)
Citation 3

Abstract:

personal finance, financial literacy, cogntive ability, household finance, cognitive aging

5.

The Impact of the Broker-Dealer Fiduciary Standard on Financial Advice

Number of pages: 31 Posted: 10 Mar 2012
Michael S. Finke and Thomas Patrick Langdon
The American College and affiliation not provided to SSRN
Downloads 939 (15,492)
Citation 2

Abstract:

fiduciary regulation, broker dealer exemption, financial advice, household finance, investment advising, brokerage industry

6.

Financial Sophistication and Housing Leverage Among Older Households

Number of pages: 35 Posted: 17 Jan 2012 Last Revised: 19 May 2015
Hyrum L. Smith, Michael S. Finke and Sandra J. Huston
Utah Valley University, The American College and Texas Tech University
Downloads 732 (26,590)

Abstract:

7.

The Concept of Risk Tolerance in Personal Financial Planning

Hanna, S. D., Waller, W., & Finke, M. (2008). The concept of risk tolerance in personal financial planning. Journal of Personal Finance, 7 (1), 96-108.
Number of pages: 19 Posted: 08 Sep 2011 Last Revised: 14 Jun 2015
Sherman D. Hanna, William Waller and Michael S. Finke
Ohio State University (OSU), Carnegie Mellon University - David A. Tepper School of Business and The American College
Downloads 660 (19,968)

Abstract:

risk tolerance, financial planning, household finance

8.

Financial Advice: Does it Make a Difference?

Number of pages: 28 Posted: 06 May 2012 Last Revised: 07 May 2012
Michael S. Finke
The American College
Downloads 470 (26,590)
Citation 2

Abstract:

9.

Redemption Fees: Reward for Punishment

Number of pages: 40 Posted: 14 Apr 2008 Last Revised: 16 Sep 2015
Michael S. Finke, David Nanigian and William Waller
The American College, California State University, Fullerton - Department of Finance and Carnegie Mellon University - David A. Tepper School of Business
Downloads 430 (50,308)
Citation 2

Abstract:

Mutual Funds, Redemption Fees

10.

Spending Flexibility and Safe Withdrawal Rates

Number of pages: 20 Posted: 09 Nov 2011
Michael S. Finke, Wade D. Pfau and Duncan Williams
The American College, The American College and Texas Tech University
Downloads 382 (34,718)
Citation 1

Abstract:

retirement planning, retirement income, shortfall risk, safe withdrawal rates

11.

Planning for Retirement

Number of pages: 37 Posted: 01 Jan 2013
Terrance Kieron Martin Jr. and Michael S. Finke
University of Texas - Pan American - College of Business Administration - Department of Economics & Finance and The American College
Downloads 358 (33,824)

Abstract:

financial planner, comprehensive financial advice, retirement savings, 2008 NLSY 79

12.

Risk Tolerance Questions to Best Determine Client Portfolio Allocation Preferences

Journal of Financial Planning 25, 5: 36-44, 2012
Number of pages: 9 Posted: 21 Jun 2012 Last Revised: 20 Apr 2015
Michael A. Guillemette, Michael S. Finke and John Gilliam
Texas Tech University - Department of Personal Financial Planning, The American College and Texas Tech University
Downloads 325 (24,360)

Abstract:

risk tolerance, portfolio allocation, portfolio choice

13.

Time Preference and the Importance of Saving for Retirement

Number of pages: 31 Posted: 28 Feb 2006 Last Revised: 13 Mar 2013
Michael S. Finke and Sandra J. Huston
The American College and Texas Tech University
Downloads 287 (77,906)

Abstract:

Time discounting, time preference, retirement saving, behavioral finance

14.

The Economics of Fiduciary Investment Advice

Number of pages: 10 Posted: 02 Nov 2010
Michael S. Finke and Benjamin F. Cummings
The American College and The American College of Financial Services
Downloads 235 (91,230)
Citation 2

Abstract:

15.

Do Contracts Impact Comprehensive Financial Advice?

Number of pages: 21 Posted: 04 Jul 2009 Last Revised: 09 Aug 2011
Michael S. Finke, Sandra J. Huston and William Waller
The American College, Texas Tech University and Carnegie Mellon University - David A. Tepper School of Business
Downloads 218 (105,595)
Citation 1

Abstract:

Financial Advice, Financial Planning, Agency Theory, Life Insurance

16.

The Impact of Passive Investing on Corporate Valuations

Number of pages: 22 Posted: 05 Mar 2011 Last Revised: 08 Aug 2011
Eric Belasco, Michael S. Finke and David Nanigian
Texas Tech University, The American College and California State University, Fullerton - Department of Finance
Downloads 216 (82,764)

Abstract:

Active management, passive management, indexing, index fund, index premium, demand curves for stocks, S&P 500

17.

Cognitive Ability and Post-Retirement Asset Decumulation

Number of pages: 29 Posted: 06 Feb 2014
Chris Browning, Sandra J. Huston and Michael S. Finke
Texas Tech University, Texas Tech University and The American College
Downloads 210 (111,730)

Abstract:

cognitive ability, retirement, asset decumulation

18.

Compensation and Client Wealth Among U.S. Investment Advisors

Number of pages: 26 Posted: 05 Apr 2011
Luke Dean and Michael S. Finke
William Paterson University and The American College
Downloads 165 (129,287)
Citation 1

Abstract:

RIA, investment advisor, financial regulation, commission, fiduciary, household finance

19.

Bounded Rationality Strikes Again: The Impact of Cognitive Ability and Financial Planners on Roth IRA Adoption and Ownership

Number of pages: 60 Posted: 07 Dec 2011 Last Revised: 09 May 2014
The American College of Financial Services, The American College and Texas Tech University
Downloads 160 (145,600)

Abstract:

cognitive ability, financial planner, Roth IRA, National Longitudinal Survey of Youth (NLSY)

20.

Social Security: Who Wants Private Accounts?

Number of pages: 31 Posted: 13 Oct 2008
Michael S. Finke and Swarn Chatterjee
The American College and University of Georgia
Downloads 159 (151,088)

Abstract:

social security, portfolio choice, private accounts, privatization

21.

A Financial Sophistication Proxy for the Survey of Consumer Finances

Number of pages: 11 Posted: 28 Aug 2011
Sandra J. Huston, Michael S. Finke and Hyrum L. Smith
Texas Tech University, The American College and Utah Valley University
Downloads 128 (151,908)

Abstract:

Survey of Consumer Finances, household finance, financial literacy, financial sophistication

22.

Saving for a Bleaker Tomorrow: iOMe Challenge 2010

Number of pages: 38 Posted: 25 Jan 2011 Last Revised: 30 Jan 2011
Texas Tech University, The American College of Financial Services, The American College, Texas Tech University - Department of Personal Financial Planning and Texas Tech University - Applied and Professional Studies
Downloads 128 (173,449)

Abstract:

Retirement Policy, Social Security, Household Finance

23.

Financial Advice: Who Pays

Journal of Financial Counseling and Planning, Vol. 22, No. 1, p. 18, 2011
Number of pages: 9 Posted: 16 May 2012
The American College, Texas Tech University and North Carolina Agricultural and Technical State University
Downloads 92 (143,376)
Citation 1

Abstract:

financial advice, financial services, professional advice

24.

The Unsophisticated Sophisticated: Old Age and the Accredited Investors Definition

Number of pages: 26 Posted: 25 Jul 2015
Tao Guo, Michael S. Finke and Chris Browning
William Paterson University, The American College and Texas Tech University
Downloads 86 (176,477)

Abstract:

financial literacy, accredited investors, old age, private equity

25.

Do Large Swings in Equity Values Change Risk Tolerance?

Guillemette, Michael and Michael Finke. 2014. “Do Large Swings in Equity Values Change Risk Tolerance?” Journal of Financial Planning 27 (6): 44-50.,
Number of pages: 7 Posted: 02 Jun 2014
Michael A. Guillemette and Michael S. Finke
Texas Tech University - Department of Personal Financial Planning and The American College
Downloads 81 (188,509)

Abstract:

risk tolerance, risk aversion, equity values

26.

Fiduciary Standard and Financial Advice: Findings from Academic Literature

Number of pages: 25 Posted: 04 Apr 2014
Michael S. Finke
The American College
Downloads 79 (214,307)

Abstract:

Financial advice, household finance, fiduciary standard, financial planning

27.

Cognitive Ability and the Stock Reallocations of Retirees during the Great Recession

Number of pages: 23 Posted: 05 Feb 2014 Last Revised: 07 Nov 2014
Chris Browning and Michael S. Finke
Texas Tech University and The American College
Downloads 72 (247,981)

Abstract:

great recession, cognitive ability, stock reallocation, household finance, retirement

28.

Rational Choice with Complex Products: Consumer Valuation of Annuities

Journal of Financial Counseling and Planning, Forthcoming
Number of pages: 33 Posted: 19 Nov 2012 Last Revised: 11 Sep 2013
Chris Browning, Michael S. Finke and Sandra J. Huston
Texas Tech University, The American College and Texas Tech University
Downloads 59 (284,675)

Abstract:

annuities, financial literacy, household finance, retirement policy

Household Investment Asset Variation and Wealth

The International Journal of Business and Finance Research, Vol. 4, No. 2, pp. 1-11, 2010
Number of pages: 11 Posted: 09 Sep 2010
Nathaniel J. Harness, Michael S. Finke and Swarn Chatterjee
Texas A&M University - Department of Economics and Finance, The American College and University of Georgia
Downloads 58 (313,124)

Abstract:

Investment variation, portfolio choice, capital accumulation

Household Investment Asset Variation and Wealth

International Journal of Management and Marketing Research, Vol. 3, No. 1, pp. 1-11, 2010
Posted: 09 Sep 2010
Nathaniel J. Harness, Michael S. Finke and Swarn Chatterjee
Texas A&M University - Department of Economics and Finance, The American College and University of Georgia

Abstract:

Investment variation, portfolio choice, capital accumulation

30.

Does Cognitive Ability Impact Life Insurance Policy Lapsation?

Number of pages: 48 Posted: 21 Oct 2014
Barry S. Mulholland and Michael S. Finke
Texas Tech University and The American College
Downloads 51 (247,981)

Abstract:

Health and Retirement Study; life insurance; cognitive ability; lapsation

Understanding the Shift in Demand for Cash Value Life Insurance

Number of pages: 43 Posted: 01 Nov 2013
Barry S. Mulholland, Michael S. Finke and Sandra J. Huston
Texas Tech University, The American College and Texas Tech University
Downloads 49 (339,876)

Abstract:

Survey of Consumer Finances, cash value life insurance, declining insurance demand, financial sophistication, qualified savings plans

Understanding the Shift in Demand for Cash Value Life Insurance

Risk Management and Insurance Review, Vol. 19, Issue 1, pp. 7-36, 2016
Number of pages: 30 Posted: 21 Mar 2016
Barry S. Mulholland, Michael S. Finke and Sandra J. Huston
Texas Tech University, The American College and Texas Tech University
Downloads 0
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Abstract:

32.

Financial Literacy and Shrouded Credit Card Rewards

Number of pages: 22 Posted: 13 Mar 2013
Laura C. Ricaldi, Michael S. Finke and Sandra J. Huston
Utah Valley University, The American College and Texas Tech University
Downloads 49 (267,327)

Abstract:

Financial literacy, credit card rewards, shrouded attributes, household finance

33.

Individual Property Risk Management

Number of pages: 20 Posted: 18 Mar 2010 Last Revised: 11 Apr 2010
Eric Belasco, Sandra J. Huston and Michael S. Finke
Texas Tech University, Texas Tech University and The American College
Downloads 45 (334,286)

Abstract:

household risk, prospect theory, optimal risk retention

34.

The Impact of Financial Sophistication on Adjustable Rate Mortgage Ownership

Journal of Financial Counseling and Planning, Vol. 22, No. 2, 2011
Number of pages: 13 Posted: 16 May 2012
Hyrum L. Smith, Michael S. Finke and Sandra J. Huston
Utah Valley University, The American College and Texas Tech University
Downloads 38 (308,848)

Abstract:

adjustable-rate mortgages, financial sophistication, mortgage choice, Survey of Consumer Finances

35.

Does Home Equity Explain the Black Wealth Gap?

Number of pages: 49 Posted: 17 Jan 2012 Last Revised: 23 Jan 2012
Ajamu C. Loving, Michael S. Finke and John Salter
Texas A&M University, The American College and Texas Tech University
Downloads 34 (356,092)

Abstract:

Black wealth, net worth, household finance, home equity, wealth gap, race

36.

Advisor Beliefs Regarding Effective Life Insurance Disclosure

Number of pages: 48 Posted: 29 Jun 2013 Last Revised: 20 Oct 2014
Barry S. Mulholland, Michael S. Finke and John Gilliam
Texas Tech University, The American College and Texas Tech University
Downloads 28 (377,092)

Abstract:

Life insurance disclosure, life insurance illustration, agency theory, NAIC regulation

37.

The Effects of the Capital Accumulation Ratio on Wealth

Journal of Financial Counseling and Planning, Vol. 20, No. 1, 2009
Number of pages: 14 Posted: 27 Feb 2013
Texas A&M University - Department of Economics and Finance, The American College and University of Georgia
Downloads 25 (377,092)

Abstract:

capital accumulation ratio, net worth, personal financial ratio analysis

38.

Rational Choice with Complex Products: Consumer Valuation of Annuities

Journal of Financial Counseling and Planning, Vol. 23, No. 2, 2012
Number of pages: 14 Posted: 20 Feb 2013
Chris Browning, Michael S. Finke and Sandra J. Huston
East Central University - Accounting Department, The American College and Texas Tech University
Downloads 25 (418,903)

Abstract:

annuities, financial literacy, household finance, retirement policy

39.

The Mitigating Influence of Time Preference on the Relation between Smoking and BMI Scores

Number of pages: 25 Posted: 04 Dec 2010
Cliff A. Robb, Sandra J. Huston and Michael S. Finke
University of Alabama, Texas Tech University and The American College
Downloads 24 (400,686)

Abstract:

Behavioral economics, time preference, intertemporal choice, obesity, smoking, health economics, nutrition economics

40.

Characteristics of Recent Adjustable-Rate Mortgage Borrowers

Journal of Financial Counseling and Planning, Vol. 16, No. 2, 2006
Number of pages: 12 Posted: 12 Apr 2013
Michael S. Finke, Sandra J. Huston, Emilian Siman and Mel Corlija
The American College, Texas Tech University, University of Missouri at Columbia - Personal Financial Planning and University of Missouri at Columbia - Personal Financial Planning
Downloads 21 (396,505)
Citation 1

Abstract:

Mortgage loans, adjustable-rate mortgages, mortgage trends

41.

Annuitized Income and Optimal Asset Allocation

Number of pages: 18 Posted: 23 Sep 2017
David Blanchett and Michael S. Finke
Morningstar Investment Management and The American College
Downloads 0 (534,555)

Abstract:

42.

The Effect of Advanced Age and Equity Values on Risk Preferences

Number of pages: 22 Posted: 02 May 2017
David Blanchett, Michael S. Finke and Michael A. Guillemette
Morningstar Investment Management, The American College and Texas Tech University - Department of Personal Financial Planning
Downloads 0 (286,903)

Abstract:

risk preferences, risk aversion, stock prices, old age, financial planning

43.

Low-Cost Obesity Interventions: The Market for Foods

Number of pages: 24 Posted: 17 Jan 2017
Michael S. Finke and Sandra J. Huston
The American College and Texas Tech University
Downloads 0 (428,820)

Abstract:

Obesity, food consumption, nutrition economics, nutrition policy

44.

Required Retirement Savings Rates Today

Number of pages: 22 Posted: 18 Oct 2016
David Blanchett, Michael S. Finke and Wade D. Pfau
Morningstar Investment Management, The American College and The American College
Downloads 0 (24,360)

Abstract:

Retirement Savings, Life Cycle Saving, Low Returns, Financial Planning, Household Finance

45.

An Overview of Retirement Income Strategies

Journal of Investment Consulting, Vol. 17, No. 1, p. 22-30, 2016
Number of pages: 11 Posted: 18 Oct 2016
Michael S. Finke and David Blanchett
The American College and Morningstar Investment Management
Downloads 0 (173,449)

Abstract:

46.

Who Exhibits Time Varying Risk Aversion?

Number of pages: 46 Posted: 27 Apr 2016 Last Revised: 29 Apr 2016
David Blanchett, Michael S. Finke and Michael A. Guillemette
Morningstar Investment Management, The American College and Texas Tech University - Department of Personal Financial Planning
Downloads 0 (237,475)

Abstract:

Risk Aversion, Time Varying Risk Aversion, Advanced Age, Account Balance, Income, Morningstar

47.

Chapter 4: Financial Literacy and Education

Investor Behavior: The Psychology of Financial Planning and Investing. H. Kent Baker and Victor Ricciardi, editors, 65-82, Hoboken, NJ: John Wiley & Sons, Inc., 2014
Posted: 01 Mar 2014 Last Revised: 10 May 2014
Michael S. Finke and Sandra J. Huston
The American College and Texas Tech University

Abstract:

Financial literacy, financial knowledge, financial education, human capital, personal finance, behavioral finance, behavioural finance, behavioral economics, behavioural economics

48.

Balance Sheets of Early Boomers: Are They Different From Pre-Boomers?

Journal of Family and Economic Issues, Vol. 27, No. 3, pp. 542-561, 2006
Posted: 01 Nov 2008 Last Revised: 25 Jun 2010
Michael S. Finke, Sandra J. Huston and Deanna L. Sharpe
The American College, Texas Tech University and University of Missouri at Columbia

Abstract:

Cohort wealth, Baby boomers, Net worth

49.

Factors Affecting the Probability of Choosing a Risky Diet

Journal of Family and Economic Issues, Vol. 24, No. 3, pp. 291-303, Fall 2003
Posted: 20 Jun 2005
Michael S. Finke and Sandra J. Huston
The American College and Texas Tech University

Abstract:

Diet choice, time preference, food consumption, nutrition economics, risk

50.

The Brigher Side of Financial Risk: Financial Risk Tolerance and Wealth

Journal of Family and Economic Issues, Vol. 24, No. 3, pp. 233-256, Fall 2003
Posted: 20 Jun 2005
Michael S. Finke and Sandra J. Huston
The American College and Texas Tech University

Abstract:

Risk tolerance, wealth accumulation, personal finance

51.

Diet Choice and the Role of Time Preference

The Journal of Consumer Affairs, Vol. 37, No. 1, pp. 143-160, 2003
Posted: 20 Jun 2005
Sandra J. Huston and Michael S. Finke
Texas Tech University and The American College

Abstract:

Diet choice, time preference, food consumption, nutrition economics

52.

Negative Net Worth and the Life Cycle Hypothesis

Financial Counseling and Planning, 1996
Posted: 27 Nov 1996
Peng Chen and Michael S. Finke
Ibbotson Associates and The American College

Abstract: