Individual Financial Planning for Retirement: Empirical Insights from the Affluent Segment in Germany (Contributions to Economic,Used

Individual Financial Planning for Retirement: Empirical Insights from the Affluent Segment in Germany (Contributions to Economic,Used

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Product Description Over time, the responsibility for providing for a financially secure retirement has shifted towards the individual. Building on a new structure applied to insights drawn from behavioral finance, this book analyzes the perspectives of individuals with regard to their financial situation in retirement and compares the actions they take with ideal behavior. The work provides new insights into the broadly defined topic of individual retirementspecific financial planning behavior. From the Back Cover Over time, the responsibility for providing for a financially secure retirement has shifted more towards the individual. A number of implicit assumptions about perspectives, behavior, and individual choices underlie this shift. These assumptions presume that individuals are wellinformed and reason unemotionally; that they process information correctly; and that they take rational decisions and act to maximize their own welfare. Empirical evidence, however, shows that such maxims do not often guide individuals actual behavior.Building on a new structure applied to insights drawn from behavioral finance, this book analyzes the perspectives of individuals with regard to their financial situation in retirement and compares the actions they take with ideal behavior. The work provides new insights into the broadly defined topic of individual retirementspecific financial planning behavior.The research builds on over 500 interviews with affluent individuals in Germany and contributes to defining ways in which policymakers, financial planners, and individuals themselves can improve financial provisioning for retirement.

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Warranty

We provide a 2-year limited warranty, from the date of purchase for all our products.

If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.

This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).

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