Here are some of the latest reports, surveys, and studies related to retirement, including research heuristic decision-making, Social Security and Medicare reports, and home healthcare.
Heuristics are often described as mental shortcuts, something we use when faced with complex, difficult decisions. Sometimes they are simple and efficient and work well, but sometimes they result in errors, or cognitive biases. It's helpful to know this before dealing with complex financial decisions. In the research from SSRN: Relying on the Heuristic of Trust: A Case Study, the author examines the reliance on trust as a heuristic by individuals when making personal financial decisions, using a qualitative case study. They show that in the face of complexity and choice, individual investors predominantly resorted to the heuristic of trust to make financial decisions. This demonstrates the need for industry and public policy‐makers to be aware that individuals can and will resort to simplified heuristics as a basis for financial decision‐making, particularly within an environment where substantial complexity and choice exist.
More of the latest retirement-related research:
U.S. Social Security Administration: The 2019 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds
U.S. Centers for Medicare and Medicaid Services: 2019 Annual Report Of The Boards of Trustees of the Federal Hospital Insurance and Federal Supplementary Medical Insurance Trust Funds
U.S. Congressional Budget Office: Social Security Replacement Rates and Other Benefit Measures: An In-Depth Analysis
National Academy of Social Insurance: Assured Income
New England Journal of Medicine: Accuracy of Valuations of Surgical Procedures in the Medicare Fee Schedule
U.S. Department of Health and Human Services, Office of Inspector General: Concerns About Opioid Use in Medicare Part D in the Appalachian Region
AARP Public Policy Institute: Home Alone Revisited: Family Caregivers Providing Complex Care
Addressing Social Determinants of Health Needs of Dually Enrolled Beneficiaries in Medicare Advantage Plans: Findings from Interviews and Case Studies
National Bureau of Economic Research: How Cognitive Ability and Financial Literacy Shape the Demand for Financial Advice at Older Ages
AARP Public Policy Institute: The CARE Act Implementation: Progress and Promise
Human Mortality Database: USA revised and updated through 2017
Got questions about the new tax law, Social Security, retirement, investments, or money in general? Want to be considered for a Money Makeover? Email Robert.Powell@TheStreet.com.