Younger retirees, who had retired in the last decade, were the most satisfied with finances. Males were more satisfied than females and higher income retirees more satisfied than their lower income counterparts. The study has underscored the importance of retirement planning and implementing processes in predicting financial satisfaction during retirement. Financial advisors, and educators in the field may want to emphasize the importance of obtaining specialized advice and guidance to the general populace. Educators and practitioners in the field might want to focus their efforts towards raising awareness about the importance of the amount of contribution individuals make towards their retirement funds (both taxable and tax-deferred investment vehicles). This might help individuals reap the benefits of proper retirement planning, especially during the phase of unprecedented growth in the economy.

Family Resource Management addresses the management of resources from a family systems perspective and focuses on not just the individual that makes a decision but the impact those decisions have on the family unit. Authors Tami James Moore and Sylvia M. Asay use their academic research, practical experiences, and active teaching knowledge to help guide students through family resource management, and provide them with the most current, accurate, and dynamic information available for future professionals in the field of family services. The Fourth Edition includes the latest cutting-edge research, analysis of social changes, economic shifts, and the emerging “new normal” as the world recovers from the COVID-19 pandemic.

Abstract: Principles of effective family resource managementare presented to help adults solve the problems of individual and family living. These principles are viewed asa sociological system consisting of "inputs" (e.g., family values and goals, family crises, income, assets, credit, andcommunity support programs); "throughputs" which act upon the inputs to achieve designated results (e.g. planning and implementing); and "outputs" consisting of an environment modified by the throughputs. A theoretical system model is developed and each of its components is discussed in detail.The model is then applied to specific family life situations (e.g. families with handicapped members, single parent families, and low income families), and to the family"life cycle"--from young families to elderly people. A glossary of terms provides definitions. (nzm).

What are the long term effects of retirement on family relationships? Do personality characteristics or attitudes of one spouse impinge on the other spouse's retirement plans and adjustment? What differences exist in the ways males and females adapt to retirement? Leading researchers in the fields of family studies and gerontology present enlightening information on the impact of retirement on family relations. Original essays focus on gender and ethnic differences, the role of children, siblings, and significant others, and the multiple changes retirement creates in marriage. In addition, a variety of theoretical models, existing research, and methodological problems in studying retired families are explored. Families and Retirement is essential reading for graduate students, researchers, and professionals in gerontology, sociology, social work, family psychology, and policy studies. "This is a well-written book. The editors have done a great job in selecting chapter authors whose research is important and directly related to the focus of the book. . . . The book will be an excellent text for sociology classes focusing mainly on retirement. It will also serve well as a supplemental text in gerontology, family studies, economics, and other college and university courses wherein retirement is studied." --Journal of Marriage and the Family "Just when it seems too complex a task to produce a text that addresses retirement from the perspective of the family, a new work appears that does just that. . . . The editors have successfully expanded [the] traditional concern with the individual by choosing studies showing relationships and issues on aspects of retirement and family." --Family Relations

The bestselling author of You Can Retire Sooner Than You Think and host of Money Matters reveals the 10 essential habits for a rich, rewarding, and blissful retirement. What does it take to have a truly happy retirement? Is it money? A mortgage-free home? An active social life? A long-lasting marriage—or maybe a new one? Finance expert, author, and radio host Wes Moss asked more than 2,000 of the nation’s happiest retirees to find out—and their answers may surprise you. Through a series of revealing surveys, Moss noticed a pattern of distinct, recognizable habits that the happiest retirees shared, from the simplest of lifestyle choices to the smartest of financial strategies. These are the kinds of habits anyone can develop—the perfect road map to a healthy, secure, and joyful retirement—sooner. Whether you’re already retired or just starting to make plans, these 10 simple actions and attitudes can make a profound difference in every aspect of your life. The book is packed with hard-won wisdom and invaluable advice on how to make little changes now that will have the biggest impact later. It’s filled with proven ways to develop smarter habits with: Money (“Think river, not reservoir”); Family (“Get your kids off your payroll”); Housing (“Live mortgage-free”); Investing (“Be a tomorrow investor”); Spending (“Be pound wise—so you can be penny foolish”); and much more. With these 10 transformational habits, you can stop obsessing over money, stay socially connected, and start enjoying your new life—as the happiest retiree on the block.