HARI: Characteristics of a new defined lifestyle (DL) retirement planning product
Rama Malladi ()
Additional contact information
Rama Malladi: California State University Dominguez Hills
Journal of Financial Services Marketing, 2022, vol. 27, issue 2, No 6, 147-163
Abstract Approximately 16% of the world's population lives in countries with some concept of a financial retirement plan. Of the remaining population, many do not have access to a Western-style retirement system, and the concept of Dharma subliminally influences them. Dharma, an Eastern philosophical system, recommends Sanyasa (renunciation), instead of comfortable retirement life, as a life goal. This paper proposes a new defined lifestyle retirement planning instrument, referred to as Holistic Annual Retirement Investment (HARI), a standardized, tradable, futures contract that can alter the way individuals think of and plan for their retirement according to their belief system. HARI is a hypothetical product based on the Eastern value system and needs improvement ideas from other researchers. So, the reader is urged to be imaginative and forgiving.
Keywords: Defined lifestyle; Dharmic finance; Socially responsible investing; SRI; Retirement planning; Financial planning (search for similar items in EconPapers)
JEL-codes: D31 E21 P36 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://link.springer.com/10.1057/s41264-021-00108-x Abstract (text/html)
Access to the full text of the articles in this series is restricted.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pal:jofsma:v:27:y:2022:i:2:d:10.1057_s41264-021-00108-x
Ordering information: This journal article can be ordered from
Access Statistics for this article
Journal of Financial Services Marketing is currently edited by Tina Harrison
More articles in Journal of Financial Services Marketing from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().