The Importance of Planning Horizon in End-of-Life Financial and Health Planning

6 Pages Posted: 1 Oct 2018 Last revised: 23 Mar 2019

See all articles by Reem Hussein

Reem Hussein

Texas Tech University

Russell N. James

Texas Tech University

Date Written: October 1, 2018

Abstract

This study uses the 2014 Health and Retirement Study (HRS) to examine the predictors of End of Life (EOL) planning among adults age 50 and over and the integration between end of life (EOL) financial and EOL health planning, and the association of financial planning time horizon with EOL financial and EOL health planning documents. The results indicate that both financial and health end-of-life documents were more common among those with greater wealth and more educated individuals. The financial planning time horizon affected the EOL financial planning, but not EOL health planning. This suggests that the financial planning horizon measurement may be limited to financial behaviors, rather than broadly predictive of long-term planning behaviors in other domains.

Keywords: End of Life Planning, Estate planning, Advance Directive

Suggested Citation

Hussein, Reem and James, Russell N., The Importance of Planning Horizon in End-of-Life Financial and Health Planning (October 1, 2018). 2019 Academic Research Colloquium for Financial Planning and Related Disciplines. Available at SSRN: https://ssrn.com/abstract=3258125 or http://dx.doi.org/10.2139/ssrn.3258125

Reem Hussein (Contact Author)

Texas Tech University ( email )

TX
United States

Russell N. James

Texas Tech University ( email )

2500 Broadway
Lubbock, TX 79409
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
8
Abstract Views
31
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