All sessions will take place in Central Daylight Time!
POSTER PRESENTATIONS:
Poster presentations are available to view from May 18 through May 23 via ACCI’s (unlisted) YouTube Channel Poster Playlist sent out with the Zoom meeting room links to all attendees.
Poster are listed in this schedule on the last day at 6 PM so they appear at the end. Please scroll to the end to find the poster numbers, titles, descriptions, and presenters.
Be sure to live Tweet during the event! #accivirtual2020 and visit our Facebook page for photos @americancouncilonconsumerinterests.
The purpose of this study is to investigate the effect of bequest motive on investment in risky assets among older adults. Using the 2016 RAND HRS longitudinal data, we find that a strong bequest motive has a significantly positive effect on risky assets investment among older adults. It is generally true that as people age, their investments to fulfill goals within their own lifetime should be more conservative. However, age should not be a major factor for all goals. Our results suggest that financial advice should be goal-oriented and adjusted for their risk tolerance and investment horizons. Investors with a bequest motive should receive advice according to their stated goals and corresponding investment horizon.
