Retirement Wealth Decisions in Australia 's Superannuation System: Part 1, Accumulation

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Author(s)
Drew, Michael
Tharenou, George
Griffith University Author(s)
Year published
2008
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This is the first in a series of three papers examining retirement wealth decisions in Australia 's superannuation system. The work seeks to introduce a holistic approach to examining decision making across the key stages of retirement wealth provision, namely: accumulation; conversion; and, decumulation. The central idea considered in this study relates to the final superannuation benefit achieved during the accumulation phase. Using a sample of 245 Australians over the age of 45, we consider three areas, under the following sub-headings: attitudinal (budget; funding priority; and, adequacy); financial market (estate planning; ...
View more >This is the first in a series of three papers examining retirement wealth decisions in Australia 's superannuation system. The work seeks to introduce a holistic approach to examining decision making across the key stages of retirement wealth provision, namely: accumulation; conversion; and, decumulation. The central idea considered in this study relates to the final superannuation benefit achieved during the accumulation phase. Using a sample of 245 Australians over the age of 45, we consider three areas, under the following sub-headings: attitudinal (budget; funding priority; and, adequacy); financial market (estate planning; and, financial advice); and, demographic factors (gender; retirement status; household income; employment status; and, accumulation contribution type) and their respective impacts on accumulated balance.
View less >
View more >This is the first in a series of three papers examining retirement wealth decisions in Australia 's superannuation system. The work seeks to introduce a holistic approach to examining decision making across the key stages of retirement wealth provision, namely: accumulation; conversion; and, decumulation. The central idea considered in this study relates to the final superannuation benefit achieved during the accumulation phase. Using a sample of 245 Australians over the age of 45, we consider three areas, under the following sub-headings: attitudinal (budget; funding priority; and, adequacy); financial market (estate planning; and, financial advice); and, demographic factors (gender; retirement status; household income; employment status; and, accumulation contribution type) and their respective impacts on accumulated balance.
View less >
Journal Title
Australasian Journal of Business and Social Inquiry
Volume
6
Issue
2
Publisher URI
Copyright Statement
© 2008 Academic Global Publications P/L. This is the author-manuscript version of the paper. Reproduced in accordance with the copyright policy of the publisher. Please refer to the journal link for access to the definitive, published version.
Subject
Business and Management