• Journal of the Korean Home Economics Association
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• v.36 no.5
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• pp.125-135
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• 1998

The purpose of this study is to investigate the overall levels of the middle-aged employed men's attitudes toward retirement and plans for post-retirement life, and to explore the relative effects of personal, family, and job characteristics on retirement attitude and the level of retirement plan. The data were collected from the 438 middle-aged (ranging from 41 to 50) employed men through the structured questionnaires. The data were analyzed using frequency, percentile, average, standard deviation, and multiple regression analysis. The results of the data analysis show that most of the respondents had neither positive nor negative attitude toward retirement and the level of planning for post-retirement life was slightly higher than average score on the scale. Next, the positive attitudes of middle-aged employed men toward retirement were observed from those who have higher education, larger household income, higher job security and lower job stress respondents who hold professional, administrative, or official jobs were more positive toward retirement than those who hold professional, administrative, or official jobs were more positive toward retirement than those who hold manufacturing or sales job. A well-planned post-retirement life was found among those who have better health, higher job satisfaction, job security and job orientation. Job characteristic variables such as job security and job satisfaction showed stronger impact than personal or family ones on the attitude toward retirement and the level of retirement planning. Household income and health also had significant effects.

• Journal of Cadastre & Land InformatiX
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• v.45 no.2
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• pp.175-189
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• 2015

This study analyzed the determinant factors of elderly housing by housing type according to the Financial Retirement plan of preliminary elders and it aimed to draw a future development scheme of elderly housing. This study used parameters of existing research as control variables and it has a meaningful point that the variables of Financial Retirement plan of elders were verified through the research model which this study used. In addition, there was a difference between the detailed models. As a comprehensive analysis result, the Choice Model of elderly housing type has a difference between determinants, the single-family housing and the multi-family housing, based on the Welfare Facility for the Aged from Financial Retirement plan of elders.

• Journal of Korean society of Dental Hygiene
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• v.15 no.3
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• pp.379-387
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• 2015

Objectives: The purpose of the study is to investigate the influencing factors of retirement expectation on retirement preparation in the dental technicians. Methods: The subjects were 231 dental technicians in Seoul. A self-reported questionnaire was completed from July 1, 2014 to September 30, 2014. The study instrument was adapted from Bae and Jeon. The questionnaire consisted of 42 questions including 6 questions of the general characteristics of the subjects, 2 questions of health status and self-esteem, 20 questions of retirement expectation, and 14 questions of retirement preparation measured by Likert 5 scale. Results: Single, younger aged, and highly educated female tended to have the expectation for the new start of career. The expectation for the rest was higher in single than in the married. The influencing factors of retirement expectation were marital status. Those who were single chose the retirement. Those who had long career preferred the new start. Conclusions: The preparation for the retirement is very important in one's life and it is necessary to provide the concrete method and plan for the dental technicians in the future.

• The Korean Journal of Community Living Science
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• v.17 no.3
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• pp.67-87
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• 2006

This study examined how middle-aged jobholders anticipate their living after retirement, how they plan their post-retirement financial welfare and what attitude they have towards old age. The data came from 290 middle-aged male and female people in Incheon, Suwon and Cheongju city and were analyzed to find the differences among public planned pension types, such as the National Pension System (NPS), the Government Employee Pension Corporation (GEPC), and the Korea Teachers Pension (KTP). The major results were as follows: First, the expected income level after retirement in GEPC members was the highest and the lowest in KTP members. Second, the expected living period after retirement is the main criteria used when determining the amount of money needed for old age. Third, KTP members were of the most inferior at financial planning and practice, especially self-reflection of their expending behavior, thrift and saving practice for old age.

• Journal of the Korean housing association
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• v.25 no.5
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• pp.73-82
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• 2014

The purpose of this study is to identify U.S. Baby Boomers' intention to move and their reasons for moving after retirement, and to examine the associations between their socio-demographic characteristics and housing characteristics, and their reasons for moving after retirement factors. A total of 403 usable data were collected through an online survey using a self-administrated questionnaire. For data analyses, descriptive statistics, factor analysis, t-test, and ANOVA were used. Almost 30% of the total respondents considered moving and 15% were strongly agreed to move after their retirement. The most frequently mentioned reasons for moving after retirement were 'a place with good weather', 'being close to leisure activities', and 'a change or decline of my current neighborhood'. Four factors of reasons for moving after retirement (quality of residential environment, need assistant, proximity to activities, and proximity to family/friends) were identified. Age, marital status, number of household, housing type, homeownership, length of residence, and number of bedroom were significantly associated with the four factors of reasons for moving. The results of this study provide a better understanding to U.S. Baby Boomers' housing behavior after retirement which is 10 years faster than Korea, and suggest insights of housing plan for Korean older adults.

• The Journal of the Korea Contents Association
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• v.15 no.12
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• pp.459-470
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• 2015

In this study, we have developed a retirement coaching model for effective retirement planning by applying systematic conversation of the coaching technique. A draft of the retirement coaching model was complemented by the validity verification of experts. The retirement coaching model can be summarized as follows. The first step, rapport and empowerment(RE), consists of sharing the image of a happy retirement after establishing a rapport between the coach and the people wanting to prepare for retirement. The second step, target establishment(T), consists of setting the theme and goals of the conversation. The third step, identification(I), consists of developing a retirement plan for achieving the established goals. The fourth step, realization(R), consists of establishing a concrete schedule and a method of retirement planning. The fifth step, evaluation(E), consists of sharing impressions during coaching sessions, which facilitates future action plans.

• Convergence Security Journal
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• v.13 no.2
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• pp.185-193
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• 2013

Military personnel work in high stress situations and carry great responsibilites, leaving them little time to plan effectively for their retirement; typically, they tend to assume that their employer (the government) will do that planning for them. Focussing intensely on their jobs, retirement often finds them ill-prepared, and this in spite of the recent increase in discussion in society at large about retirement and how to deal with it. Government therefore needs to be more proactive in assisting these occupational groups in their exit from the workforce, especially because, as the baby-boomers age, the rate of retirements will increase dramatically. As well, whereas in the past, an average retirement extended for roughly a decade, today, a retirement could last as long as twenty-five to thirty years, with attendant cost pressures on retirement funds. This in turn will increase the burden on the rising generation, who will have to pay for those pensions. But while government has a role to play, retirees also have to be more active in planning for their retirement, and in particular, planning for second careers, rather than simple retirement. Government can assist here by developing programs to help military personel find a second career, thus reducing their reliance on pension funds, and reducing financial pressures too. As well, such planning would emphasize and enhance self-reliance, which can only be to the good of the larger society.

• Journal of Technologic Dentistry
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• v.38 no.4
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• pp.315-325
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• 2016

Purpose: This study investigated perception and plan of dental technologists regarding the old age and retirement for them to enjoy stable old age. Methods: Dental technologists working in Seoul, Incheon, and Gyeonggido were asked to fill out a self-administered questionnaire, and a total of 200 copies were used for analysis. The collected data were statistically analyzed by using SPSS 22.0(Statistical Package for Social Sciences. Chicago, IL, USA) (a=0.05). In order to compare perception toward old age preparation among the subjects, a Chi-square test was performed, and, to investigate the level of preparedness for old age according to general characteristics, t-test was performed. Results: In the analysis of the old age preparedness by age, there was a significant difference in financial preparation, Asset identification, use of retiring allowance, information gathering, senior town home, and stability (p<0.05). To the questions regarding perception toward retirement, the majority of the subjects (60.5%) answered they had thought about retirement, and many (23.9%) of them attributed the reason to job stress (23.9%). Regarding old age preparedness according to workplace, there was a significant difference in use of retirement allowance and education for old age preparedness between general dental laboratories and general hospitals (p<0.05). Conclusion: It is believed that, for preparation of dental technologists for stable old age, in addition to their personal effort, it is important to provide social support and practical measures to ensure welfare and retirement.

• Communications for Statistical Applications and Methods
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• v.17 no.5
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• pp.653-666
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• 2010

Under the retirement pension plan enforced since December 2005, retirees can just choose the payout strategy either of a lump sum allowance or of an annuity in receiving the retirement benefit. Therefore, it is imperative to review and introduce the program withdrawal system enforced by countries with mature pension plan, and complement the limitations of the current payout strategy in the future. In this study, the appropriateness of each of the payout strategies related to the program withdrawal system is examined in terms of shortfall risk and bequest fund per each risk propensity through the expected utility model that reflects the age of the retiree.

• The Korean Journal of Financial Management
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• v.25 no.4
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• pp.145-182
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• 2008

As the life expectancy increases resulting in the aged society, the post-retirement life became one of the most important concerns of people. The long-term investment vehicles such as retirement savings and pension plans have been introduced to meet such demand of society. This paper examines the impact of asset allocation strategies on the long-term investment performance. Because of the unusually long investment horizon and the compounding effect, a suboptimal asset mix in a retirement plan can be a very costly and irreversible mistake. Instead of relying on anecdotal evidence to evaluate the merits of different allocation strategies, this paper performs various tests including stochastic dominance tests using both actual data and Monte Carlo simulated data that best fit the historical experience. The results indicate 1) the long-term investments perform better than the short-term investments, 2) the optimal asset allocation strategy for the long-term investments should be highly equity dominated.