@article {11617, title = {The Association Between Retiree Migration and Retirement Satisfaction}, journal = {Journal of Financial Counseling and Planning}, year = {Forthcoming}, abstract = {The purpose of this study is to examine migration during retirement and its association with retirement satisfaction. Utilizing longitudinal data collected from the Health and Retirement Study, this study estimates a fixed effects logit model to examine how changing U.S. Census divisions during retirement is related to retirement satisfaction. The findings suggest that a change in residential location during retirement is associated with an increase in retirement satisfaction. In planning for retirement, individuals should examine what will provide them with the highest level of satisfaction during their retirement and whether their current location can facilitate an enjoyable retirement. Financial planners and counselors should also consider, as a part of their systemic retirement planning process, increasing the attention that is given to the residential location in which their clients will reside during retirement.}, keywords = {Migration, Retirement, retirement satisfaction}, doi = {10.1891/JFCP-20-00064}, author = {Pearson, Blain M. and Charlene M. Kalenkoski} } @article {10409, title = {Financial Ratios and Financial Satisfaction: Exploring Associations Between Objective and Subjective Measures of Financial Well-Being Among Older Americans}, journal = {Journal of Financial Counseling and Planning}, volume = {30}, year = {2019}, pages = {231-243}, abstract = {This study explores the relationship between objective measures and perceptions of financial well-being for older Americans. Financial well-being is measured objectively using three financial ratios including the liquidity ratio, the debt-to-asset ratio, and the investment ratio. Individuals{\textquoteright} perceptions of their financial well-being are measured by a question in the Health and Retirement Study that asks respondents how satisfied they are with their present financial condition. An ordered probit model is used to examine the relationship between the perceptions of financial well-being and the three financial ratios. The findings in this analysis suggest that there is a positive relationship between the investment ratio and perceptions of financial well-being. There is also a small but statistically significant improvement in the perception of financial well-being with increases in the liquidity ratio. For large categorical differences, the positive relationship also holds for the debt-to-asset ratio.}, keywords = {Finance, Financial hardship, financial satisfaction}, doi = {10.1891/1052-3073.30.2.231}, url = {https://connect.springerpub.com/content/sgrjfcp/30/2/231}, author = {Tenney, Jacob A. and Charlene M. Kalenkoski} } @article {10512, title = {Risk tolerance and the financial satisfaction of credit card users}, journal = {Journal of Financial Counseling and Planning}, volume = {30}, year = {2019}, note = {Export Date: 13 January 2020}, month = {2019}, pages = {110 - 120}, abstract = {This study tests whether risk tolerance mitigates the effects of credit card mismanagement on users{\textquoteright} financial satisfaction. We used data from the Health and Retirement Study and found results showing that credit card mismanagement reduces the financial satisfaction of lower-risk-tolerance users only. The results also suggest that the psychic costs of credit card mismanagement (i.e., stress and anxiety), not the monetary costs (fees and higher interest rates), may be the biggest contributors to the dissatisfaction associated with credit card use. {\textcopyright} 2019 Association for Financial Counseling and Planning Education{\textregistered}.}, keywords = {Credit, Credit cards, financial satisfaction, Health and Retirement Study, Risk tolerance}, isbn = {10523073 (ISSN)}, url = {https://connect.springerpub.com/content/sgrjfcp/30/1/110?implicit-login=true}, author = {Payne, P. and Charlene M. Kalenkoski and Chris Browning} }