journal of personal finance
DESCRIPTION
An IARFC quarterly academic journal edited and printed for the RFC members and the profession. These are longer, more technical articles than are included in the Register. IARFC members are encouraged to submit articles for both the Journal and the Register and distribute reprints to their clients and centers of influence. The editor of the Journal is Dr. Michael S. Finke, Texas Tech University, visit the Journal websiteTRANSCRIPT
Wha
t the
be
st fi
nanc
ial
cons
ulta
nts c
arry
How
can
you
be
sure
a f
inan
cial
con
sulta
nt i
s am
ong
the
fines
t?
Just
vis
it w
ith a
Reg
iste
red
Fina
ncia
l Co
nsul
tant
® . Th
ose
finan
cial
ad
viso
rs
who
m
eet
high
st
anda
rds
of
educ
atio
n, e
xper
ienc
e an
d in
tegr
ity ca
rry
the
RFC® d
esig
natio
n.
Find
a M
embe
r at:
ww
w.IA
RFC.
org
Inte
rnat
iona
l Ass
ocia
tion
of R
egis
tere
d Fi
nanc
ial C
onsu
ltant
s
Tools, Techniques, Strategies & Research to Aid Consumers, Educators & Professional Advisors
Volume 11 Issue 1 2012
Journalof
PersonalFinance
IARFC
IARFC
INTE
RN
ATIO
NA
L A
SSO
CIA
TIO
N O
FR
EGIS
TER
ED F
INA
NC
IAL
CON
SULT
AN
TS
The
Finan
cial
Pla
nnin
g B
uild
ing
2507 N
ort
h V
erity
Park
way
Mid
dle
tow
n,
Ohio
45042
ww
w.j
ourn
alofp
erso
nal
fi nan
ce.c
om
Pres
ort
edSta
ndar
dU
S P
ost
age
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Man
sfi e
ld,
OH
Perm
it #
158
Jou
rnal o
f P
ers
on
al Fin
an
ce
Vo
lum
e 1
1 I
ssu
e 1
2
01
2
Market Performance and the Timing of RetirementRui Yao, Ph.D., CFP®, University of MissouriEric Park, CFP®, CFS, University of Missouri
Factors Related to the Financial Vulnerability ofSmall Business Owner-Manager Households
HoJun Ji, CPA, PH.D. Candidate, The Ohio State UniversitySherman D. Hanna, Ph.D., The Ohio State University
Intergenerational Transfers in the Immigrant Family:Evidence from the New Immigrant Survey
Jinhee Kim, University of MarylandHaejeong Kim, Independent Researcher
Sharon DeVaney, Purdue University
Are Safe Withdrawal Rates Really Safe?Todd R. Tresidder, Financial Coach
,
,
OVERVIEW
EDITORIAL BOARD
CONTACT
Rui Yao, Ph.D., CFP®*
University of Missiouri
Eric Park, CFP®, CFSUniversity of Missouri
Elective Retirement.
Probability of retirement.
Wave.
S&P 500.
Market Sequence.
Demographic Variables.
Economic Variables.
Time Invariant Variables.
Censoring.
Methods of Analysis.
Time-varying Variables
Time Invariant Variables
Concordance2 df
-
HoJun Ji, CPA, Ph.D. Candidate *
The Ohio State University
Sherman D. Hanna, Ph.D.*
The Ohio State University
*
Volume 11, Issue 1 77
Figure 1 The Effect of Age on the Business Income to Total Household Income Ratio, at Mean Values of Other Independent Variables
Created by authors based on business income to total household income ratio regression result in Table 4.
5%
10%
15%
20%
25%
30%
20 30 40 50 60
Age of Respondent
Rat
io
Jinhee Kim*
University of Maryland
Haejeong Kim Independent Researcher
Sharon DeVaneyPurdue University
Todd R. Tresidder*
Financial Coach
Lesson Learned.
Lesson Learned.
Lesson Learned.
Lesson Learned.
Lesson Learned.
Lesson Learned.
Lesson Learned.
Lesson Learned:
Lesson Learned.
Wha
t the
be
st fi
nanc
ial
cons
ulta
nts c
arry
How
can
you
be
sure
a f
inan
cial
con
sulta
nt i
s am
ong
the
fines
t?
Just
vis
it w
ith a
Reg
iste
red
Fina
ncia
l Co
nsul
tant
® . Th
ose
finan
cial
ad
viso
rs
who
m
eet
high
st
anda
rds
of
educ
atio
n, e
xper
ienc
e an
d in
tegr
ity ca
rry
the
RFC® d
esig
natio
n.
Find
a M
embe
r at:
ww
w.IA
RFC.
org
Inte
rnat
iona
l Ass
ocia
tion
of R
egis
tere
d Fi
nanc
ial C
onsu
ltant
s
Tools, Techniques, Strategies & Research to Aid Consumers, Educators & Professional Advisors
Volume 11 Issue 1 2012
Journalof
PersonalFinance
IARFC
IARFC
INTE
RN
ATIO
NA
L A
SSO
CIA
TIO
N O
FR
EGIS
TER
ED F
INA
NC
IAL
CON
SULT
AN
TS
The
Finan
cial
Pla
nnin
g B
uild
ing
2507 N
ort
h V
erity
Park
way
Mid
dle
tow
n,
Ohio
45042
ww
w.j
ourn
alofp
erso
nal
fi nan
ce.c
om
Pres
ort
edSta
ndar
dU
S P
ost
age
PAID
Man
sfi e
ld,
OH
Perm
it #
158
Jou
rnal o
f P
ers
on
al Fin
an
ce
Vo
lum
e 1
1 I
ssu
e 1
2
01
2
Market Performance and the Timing of RetirementRui Yao, Ph.D., CFP®, University of MissouriEric Park, CFP®, CFS, University of Missouri
Factors Related to the Financial Vulnerability ofSmall Business Owner-Manager Households
HoJun Ji, CPA, PH.D. Candidate, The Ohio State UniversitySherman D. Hanna, Ph.D., The Ohio State University
Intergenerational Transfers in the Immigrant Family:Evidence from the New Immigrant Survey
Jinhee Kim, University of MarylandHaejeong Kim, Independent Researcher
Sharon DeVaney, Purdue University
Are Safe Withdraawal Rates Really Safe?Todd R. Tresidder, Financial Coach