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Title:	長壽風險對退休財務規劃與投資策略之影響分析 Longevity Risks on Retirement Financial Planning and Investment Strategies Impact Analysis
Authors:	姜孟廷 Chiang, Meng-Ting
Contributors:	王儷玲姜孟廷 Chiang, Meng-Ting
Keywords:	長壽風險長期照護費用退休財務規劃退休投資策略 Longevity risk Long-term care expenses Financial planning in retirement Investment strategy in retirement
Date:	2023
Issue Date:	2023-09-01 16:07:35 (UTC+8)
Abstract:	醫療技術進步的環境下，人們平均壽命逐年遞增，可能會因活太長導致退休金不足的風險，甚至開始有延年退休的現象以多累積退休金，因此需要在退休前甚至更加提前進行財務與投資規劃以面對長壽風險。本研究發現，退休理財規劃會因為在2000年到2019年這20年間，平均餘命的增加在很多面向受到顯著的影響，即便將平均餘命之外的其他變數設為固定變數，例如將利率設為固定值，因平均餘命的拉長，難以避免在2019年會較在2000年時所承擔的長照相關費用較重，在準備退休金規劃的資金需要更多成本，得以應付因活太長造成資金不足的情況。實證結果也觀察到，從年輕的時候開始做退休理財規劃，並採取積極的投資策略，每月需要負擔的機會成本相對要輕許多；反之，到年紀較長時才開始做退休理財規劃，且年紀愈大愈容易採相對保守的投資策略，若要達到相同條件的退休金理財目標，則需要相對付出更多的機會成本。而年輕族群若採取相對較保守的投資策略，相較於年輕族群採積極的投資策略，在退休理財規劃的機會成本差距會擴大，所需付出的機會成本會增加。因此，能證實及早做退休理財規劃與採取較積極投資策略的重要性。 Under the environment of medical technology advancement. The average life expectancy of people is increasing year by year, which may lead to the risk of insufficient pension due to having a too long life, even start to delay retirement to accumulate more pension. Therefore, it is necessary to carry out financial and investment planning before retirement to face the longevity risk. This study found that retirement financial planning will be significantly affected in many aspects due to the increasing in the average life expectancy during the 20 years from 2000 to 2019, even if other variables except the average life expectancy are set as fixed variables, such as interest rates are set to fixed value. Because of the extension of the average life expectancy, it is inevitable that the people in 2019 will take long-term care expenses more heavily than the people in 2000. Moreover, the funds for the preparation of retirement plan will require more costs to cope with the long-term life insufficient funding situation. The empirical results also observed that Starting retirement financial planning at a young age and adopting an active investment strategy, the monthly opportunity cost is relatively light; on the contrary, starting retirement financial planning at the older age, that the older people are tend to adopt with a relatively conservative investment strategy. If the older people want to achieve the same retirement fund management goals, they will need to pay more opportunity costs. On the other hand, if the young people adopt a relatively conservative investment strategy, ompared with the young people who adopt an active investment strategy, the opportunity cost gap in retirement financial planning will widen, and the opportunity cost will also increase. Therefore, it can prove the importance of early financial planning in retirement and adopting a more active investment strategy.
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Description:	碩士國立政治大學風險管理與保險學系 110358029
Source URI:	http://thesis.lib.nccu.edu.tw/record/#G0110358029
Data Type:	thesis
Appears in Collections:	[Department of Risk Management and Insurance] Theses

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