Welcome to the 2018 AFS Annual Meeting, being held this year, in conjunction with FPA in Chicago!
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Wednesday, October 3 • 10:45am - 11:45am
G4b - Social Isolation in Retirement and the Role of Financial Advisors

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To our knowledge, this is the first empirical study in financial planning that explores social isolation and loneliness in retirement and how financial advisors can help. Using data from the Health and Retirement Study (HRS), we found that retirees begin to experience increasing levels of loneliness during the middle of their retirement extending into late retirement. Undoubtedly, this impacts their life quality of life leading to mental and physical illnesses and thus higher health care costs which negatively affects portfolio sustainability and financial goals. As the financial planning industry evolves, financial planners should be more engaged in their client's life.  The results presented in this study provides a practical implication for advisors who work with retirees.

Author(s): Yuanshan (Jimmy) Cheng, Tao Guo, Philip Gibson

avatar for Yuanshan (Jimmy) Cheng

Yuanshan (Jimmy) Cheng

Assistant Professor, Winthrop University
Jimmy Cheng is an Assistant Professor of Finance at Winthrop University. He earned his doctoral degree from Texas Tech University. Jimmy is from China and worked for Morningstar Asia for several years. He found his interest in financial planning and decided to get an advanced degree... Read More →

Wednesday October 3, 2018 10:45am - 11:45am CDT
Michigan 2

Attendees (1)