Looking Beyond Retirement: Patterns and Predictorsof Formal End-of-Life Planning Among RetirementAge Individuals

摘要

This study uses the 2004 wave of the Wisconsin Longitudinal Study to examinethe patterns and predictors of formal End-of-Life (EOL) planning strategies amongretirement age individuals and whether EOL health and financial planning are highlycorrelated planning behaviors. Using logistic regressions and multinomial logisticregressions, findings show that EOL health plans appear to be done in combination withfinancial plans. Females, higher educated persons, and those with higher net worth aremore likely to have integrated EOL plans containing both EOL health and EOL financialplans. It is suggested that policy makers, health and financial professionals, and educatorsconcerned about the consequences of the absence of EOL health plans should facilitate thejoint planning with finances, especially among those at higher risk of not having such plans(e.g., males, less educated persons, and those who have little net worth).