Written By: Sharon A. Burns and Richard Widdows

A retirement analysis framework was applied to data from a large sample of consumers to explore the difference in required retirement savings rates when the operational definitions of three retirement analysis factors were varied. Four retirement analyses were completed. The first incorporated the value of the parameters used by Duncan, Morgan, and Mitchell (1984). In the other analyses, the use of home equity, income, and net worth varied from the original study. Varying the definitions of two factors produced significantly different required retirement savings rates. Required savings rates are significantly different for members of different age groups for all four retirement savings rate analyses. Key Words: retirement, financial planning

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