CHI TIẾT NGHIÊN CỨU …
Tiêu đề
The retirement case of Professor Paul
Tác giả
Stendardi E.J.
Năm xuất bản
2010
Source title
Journal of the International Academy for Case Studies
Số trích dẫn
0
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Tóm tắt
Case Synopsis: This case deals with the retirement plans of Professor Paul. Professor Paul is a composite of many of my faculty colleagues who I have encountered during my teaching career. He has been diligently planning for his retirement and believes that he that he has amassed sufficient assets to enable him to retire early and comfortably. An analysis of his situation using a retirement income planning model that I have developed indicates that he is very wrong! Professor Paul is a professor of humanities at a small liberal arts college in New England. He is 54 years old and he is beginning to seriously consider the phased retirement program that his college offers. He is eligible to enter the program any time after age 55 but he is ambivalent because while he still enjoys his career, he is also anxious to enter the next phase of his life and to escape the cold and snow which he no longer enjoys. Professor Paul believes he will have the ability to consider phased retirement as early as age 55 because he has been investing for retirement for his whole career and he has accumulated what he considers to be significant retirement related assets. An analysis of this case utilizing a comprehensive retirement income planning model reveals that he is far from financially prepared for retirement and that he must consider multiple retirement options to make his retirement plans work Case Description: The retirement of Professor Paul is a case that I have utilized in my FINA 464 - Retirement Planning course with a lot of success for the last two years. It is a case that is geared for junior and senior level finance students, although it could be used in any course that teaches financial analysis using Excel. This case deals with the retirement plans of Professor Paul. Professor Paul is a composite of many of my faculty colleagues who I have encountered during my teaching career. He has been diligently planning for his retirement and believes that he that he has amassed sufficient assets to enable him to retire early and comfortably. An analysis of his situation using a retirement income planning model that I have developed indicates that he is very wrong! The methodology that I use is to assign the case after I teach that the basic format of the analysis. I expect the students to spend about three hours outside of class reading the case (which is not long) and considering and analyzing the various options that they believe are worth considering. In the following class we discuss the advantages and disadvantages of the options that the students have come up with. After discussing their options for about an hour I present the analysis that I did (this is contained in the Excel file that accompanies this case). After viewing that various options, I present a possible solution and we discuss the tradeoffs involved with that. © 2010 by the DreamCatchers Group, LLC, Arden, NC, USA.
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Scopus