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Effective Financial Decision Aids for Retirement

Effective Financial Decision Aids for Retirement The National Defense Authorization Act for Fiscal Year 2016 directs the Secretaries of the Armed Forces and the Chiefs of Staff of the Armed Forces to provide financial literacy training to Service members at certain critical points throughout their careers, including the transition to retirement. Based on a review of the literature, we find that general financial training is ineffective. More effective are decision aids that provide assistance at the time the decision is being made. This article provides a discussion of what such a decision aid would entail. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Compensation & Benefits Review: The Journal of Total Compensation Strategies SAGE

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Publisher
SAGE
Copyright
© 2018 SAGE Publications
ISSN
0886-3687
eISSN
1552-3837
DOI
10.1177/0886368718777580
Publisher site
See Article on Publisher Site

Abstract

The National Defense Authorization Act for Fiscal Year 2016 directs the Secretaries of the Armed Forces and the Chiefs of Staff of the Armed Forces to provide financial literacy training to Service members at certain critical points throughout their careers, including the transition to retirement. Based on a review of the literature, we find that general financial training is ineffective. More effective are decision aids that provide assistance at the time the decision is being made. This article provides a discussion of what such a decision aid would entail.

Journal

Compensation & Benefits Review: The Journal of Total Compensation StrategiesSAGE

Published: Apr 1, 2017

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