Association between Financial Risk Tolerance and Locus of Control, Sensation Seeking for Pre-Retiree Baby Boomers

14 Pages Posted: 27 Sep 2018

See all articles by Abed Rabbani

Abed Rabbani

University of Missouri - Department of Personal Financial Planning

Zheying Yao

University of Missouri at Columbia - Department of Personal Financial Planning, Students

Christina Wang

University of Missouri at Columbia - Department of Personal Financial Planning, Students

John Grable

University of Georgia - Department of Housing & Consumer Economics

Date Written: September 27, 2018

Abstract

Financial risk tolerance is an important concept that helps financial planners recommend financial products to their clients. As the baby boomer generation approaches retirement, research to determine how these individuals perceive financial risk tolerance has grown exponentially. The present study examines the relationship between financial risk tolerance, locus of control, and sensation seeking of the baby boomers.

Keywords: financial risk tolerance, locus of control, pre-retiree baby boomers, sensation seeking

Suggested Citation

Rabbani, Abed and Yao, Zheying and Wang, Christina and Grable, John, Association between Financial Risk Tolerance and Locus of Control, Sensation Seeking for Pre-Retiree Baby Boomers (September 27, 2018). 2019 Academic Research Colloquium for Financial Planning and Related Disciplines. Available at SSRN: https://ssrn.com/abstract=3256035 or http://dx.doi.org/10.2139/ssrn.3256035

Abed Rabbani (Contact Author)

University of Missouri - Department of Personal Financial Planning ( email )

239B Stanley Hall, University of Missouri
Columbia, MO 65211
United States
5738829187 (Phone)

Zheying Yao

University of Missouri at Columbia - Department of Personal Financial Planning, Students ( email )

Columbia, MO 65211
United States
5738185479 (Phone)

Christina Wang

University of Missouri at Columbia - Department of Personal Financial Planning, Students ( email )

Columbia, MO 65211
United States

John Grable

University of Georgia - Department of Housing & Consumer Economics ( email )

205 Dawson Hall
Athens, GA 30602-3622
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
26
Abstract Views
141
PlumX Metrics
!

Under construction: SSRN citations while be offline until July when we will launch a brand new and improved citations service, check here for more details.

For more information