Decision Making at Retirement – High Stakes for the Long Haul

Retirement Income Redesigned: Master Plans for Distribution: CFA Institute Conference Proceedings Quarterly, Vol. 25, No. 3, pp. 64-74, September 2008

14 Pages Posted: 22 Mar 2011 Last revised: 10 Mar 2012

Date Written: March 16, 2011

Abstract

With retirement comes significant challenges in making sound decisions concerning wealth management. Although people routinely make decisions throughout their lives, decisions made in retirement are critical because there is little time to recover from errors in judgment. This chapter draws from techniques and methods in psychology and the decision sciences to distill a set of principles that readily can be applied to making better financial decisions. The influences of aging on both cognitive and emotional processes are integrated into guidance for decision-making improvement.

Suggested Citation

MacGregor, Donald G., Decision Making at Retirement – High Stakes for the Long Haul (March 16, 2011). Retirement Income Redesigned: Master Plans for Distribution: CFA Institute Conference Proceedings Quarterly, Vol. 25, No. 3, pp. 64-74, September 2008. Available at SSRN: https://ssrn.com/abstract=1788365

Donald G. MacGregor (Contact Author)

MacGregor-Bates, Inc. ( email )

1010 Villard Ave.
Cottage Grove, OR 97424
United States
(541) 942-5727 (Phone)

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