Worldwide, individuals are being asked to make more of their own savings and investment decisions, especially for retirement. In the US and Europe, for example, company-managed pension plans are giving way to those where employees are in charge of their own retirement money. In Singapore too, the government is encouraging individuals to take a more active role in their own retirement planning. Research by Wharton insurance and risk management professor Olivia Mitchell and Singapore Management University finance professor Benedict Koh shows, however, that people are not well-equipped to handle such investment decisions.
Retirement, Aging population, income, retirement planning, investment skills
Finance and Financial Management
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Copyright © Singapore Management University 2012
Retirement Planning: Most People don’t Know How Nor Even Think About It. (2008). Knowledge@SMU.
Available at: http://ink.library.smu.edu.sg/ksmu/193