Retirement Planning Recommendations from a Systematic Analysis of Financial Planning Journals
5 Pages Posted: 20 Sep 2018
Date Written: September 19, 2018
This meta-analysis reviews research-informed retirement planning recommendations for consumers and/or financial planners published in selected peer-reviewed academic journals since the passage of the Age Discrimination in Employment Act (ADEA) in 1967. The purpose is to provide an overview of how retirement planning recommendations evolve as retirement policies, social norms, and consumer financial knowledge develops. By print launch date, the selected journals are as follows: Journal of Financial Service Professionals, Journal of Financial Planning, Journal of Financial Counseling and Planning, Financial Services Review, Journal of Personal Finance, and Journal of Financial Therapy. These articles were searched in ProQuest using a rubric and then categorized by CFP Board Topic Area. In all, more than 1,300 articles were identified through ProQuest that met the search criteria as an article containing the word “retirement” in the title, abstract, or list of key words. In total, 188 articles were retained as containing research-informed retirement planning recommendations. The majority of articles were categorized as focusing on the CFP Board Topic Area, “Retirement Income and Distribution Strategies.” The Topic Area, “Social Security and Medicare” had the fewest articles. Each of the articles was reviewed and recommendations for financial planners and educators were extracted resulting in a comprehensive list of evidence-based retirement planning recommendations. Results of this systematic analysis include an identification of gaps in research focused on retirement planning recommendations.
Keywords: retirement, financial planning, finanical education
JEL Classification: D14, J26
Suggested Citation: Suggested Citation