Tag: retirement savings
Abstract Based on temporal construal theory, the length of time a person has before they reach retirement age will influence how they react to different types of messages. This theory predicts younger workers prefer more abstract communications compared to older workers who should prefer more concrete information because retirement is a distant goal rather than…
People often ask how much they have to save for a secure retirement. The answer depends on a number of factors. Earnings level. The lower the earnings, the greater the portion provided by Social Security and the lower the individual’s required saving rate. Rate of return. The higher the rate of return on assets, t…
