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Benjamin F. Cummings and Russell N. James, III

Using the Asset and Health Dynamics among the Oldest Old (AHEAD), this study presents the first longitudinal results analyzing factors associated with getting and dropping a financial advisor. We find that quantitative as well as qualitative factors are significant when evaluating the value of professional financial advice. Getting a financial... Read More >

HanNa Lim, Stuart J. Heckman, Jodi C. Letkiewicz, and Catherine P. Montalto

Financial stress and self-efficacy are examined in relationship to college students' financial help-seeking behavior utilizing Grable and Joo's (1999) framework. A cognitive approach is taken by focusing on the moderating role of financial self-efficacy on the relationship between financial stress and financial help-seeking. Data from the 2010 Ohio Student Financial... Read More >

Sarah D. Asebedo and Martin C. Seay

This study investigated the association between positive psychological attributes and retirement satisfaction using a sample of 5,146 retired individuals from the 2006 and 2008 waves of the Health and Retirement Study (HRS). Utilizing Seligman's (2012) well-being theory, positive psychological attributes, as represented by the acronym PERMA, were measured by dispositional... Read More >

John E. Grable and Abed Rabbani

This study was designed to determine if a general description of a person's willingness to take risks- risk portrait as phrased in this study-can be developed for individuals nearing retirement (aged 45-53). Using data from the 2010 wave of the National Longitudinal Survey of Youth (NLSY79), a latent risk-tolerance construct... Read More >

Eunice O. Hong and Sherman D. Hanna

Many researchers have examined the influence of the financial planning horizon variable in the Survey of Consumer Finances and the Health and Retirement Study. The question asks respondents to choose the most important time period for saving and spending decisions. These researchers have assumed that the variable reflects the time... Read More >

Barbara O'Neill

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Jing Jian Xiao

It is my pleasure to serve as the editor for Journal of Financial Counseling and Planning starting in 2014. JFCP has helped my career development greatly during my growth from a young professional to a mature one. It is time for me to help the journal to achieve more successes... Read More >

Aimee D. Prawitz and Judith Cohart

Based on the life-cycle theory of consumption, this quasi-experimental study of 995 employees examined changes in financial behaviors following employee-needs-driven workplace financial education. Repeated-measures ANOVA compared participants and non-participants on perceived financial wellness and savings ratios; main effects indicated that both groups improved pretest-to-posttest on both variables (p<.001). A Wilcoxon... Read More >

Tim S. Griesdorn, Jean M. Lown, Sharon A. DeVaney, Soo Hyun Cho, and David A. Evans

Utilizing data from an Internet survey among low-to-moderate-income households in several states, this study examined the link between behavioral life-cycle (BLC) constructs and financial risk tolerance. The results of ordinary least squares regression indicated a positive association between financial risk tolerance and several factors that measured the BLC constructs. Respondents... Read More >

Mary M. Bell, Jeffrey S. Nelson, Scott M. Spann, Callie J. Molloy, Sonya L. Britt, and Briana S. Nelson Goff

The present study examined the impact of financial resources on soldiers' well-being. Using primary data gathered from a large Army installation in the Midwest, results suggested that soldiers with higher credit card debts and lower perceived net worth had lower levels of subjective well-being. Soldiers with greater perceived financial knowledge... Read More >

Sharon M. Danes and Yunxi Yang

The purpose of this article is to assess and interpret the use of theory within the Journal of Financial Counseling and Planning from its inception in 1990 through 2012. During that time, only 39% of research articles explicitly identified a theoretical base to guide the study's research question. Almost half... Read More >

Terri Friedline

A question of interest in children's savings research asks whether there are unique effects on children's later savings when savings accounts are opened in their names earlier in life, either independently from and or simultaneously with accounts in which parents save on children's behalf. Using longitudinal data from the Panel... Read More >