How can customized information change financial plans?

Coe, Norma B., and Kelly Haverstick. “How can customized information change financial plans?”. Issue in Brief 11-4, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, March 2011. http://hdl.handle.net/2345/bc-ir:104197.
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Abstract

The brief's key findings are: (1) A 2009 CRR survey measured initial reactions to the financial crisis and then gave respondents customized advice on how to offset their losses. (2) In response, some individuals adjusted their plans to make them more reasonable. (2a) More than 40 percent decided to save more and/or work longer. (2b) About 25 percent reduced their planned increase in worklife. (3) One third did not respond to the advice; they tended to be older and to have more adequate assets, suggesting less flexibility or desire to change plans.

Title
How can customized information change financial plans?
Author
Coe, Norma B.
Haverstick, Kelly
Center
Center for Retirement Research
Genre
report
Date Issued
March 2011
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
11-4
Version Identification
Version of record.
Persistent Link
http://hdl.handle.net/2345/bc-ir:104197
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Financing retirement

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