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Financial Services Review 30 (2022) v 
 
 

From the Editor 
 

Dear Esteemed Readers, 

In this edition of the Financial	 Services	 Review	 (Volume 30 - Issue 4), we present five 
impactful papers, each contributing unique insights into various financial issues. 

James A. DiLellio and Andreas Simon, in their paper “Seeking tax alpha in retirement 
income,” offer a pioneering framework for optimizing tax efficiency in retirement income. By 
classifying retirees based on their financial circumstances, they uncover a new aspect of retire- 
ment income strategy—tax alpha, which can add a 0.5% annual return benefit. They also sug- 
gest ways for institutions and FinTech firms to enhance their financial planning tools. 

Turning our focus to the factors influencing retirement savings, Brian T. Starr’s “The 
effects of health, family, and altruism on retirement savings” illuminates the influence of 
health, children, altruism, and family attributes. This expanded understanding of retirement 
savings dynamics highlights the impact of children and health issues on savings behaviors. 

Next, “Financial Capability across generations and Technology” by Abeba Mussa, 
Meeghan Rogers, and Xu Zhang deeply dives into the relationship between technology sav- 
viness and financial behavior. Using data from the 2018 National Financial Capability 
Study, their research identifies a generational disparity in financial behavior influenced by 
technology. 

Tsung-Ming Yeh’s study titled “Financial Teaching by parents and financial education at 
School or workplace: Evidence from Japan” delineates the differential roles of financial 
socialization and formal financial education. His findings underscore the importance of com- 
prehensive financial experience and education at various stages of life. 

Finally, C. W. Copeland, John H. Young, and Crystal R. Hudson critically examine 
African-Americans’ financial well-being in their paper, “Exploring differences in African- 
Americans’ financial well-being based on financial security factors.” Through examining 
homeownership and employment—two crucial variables historically influenced by racism— 
their research provides a nuanced understanding of the financial challenges faced by middle- 
income African Americans. 

Each of these research papers adds significantly to our understanding of various aspects 
of financial behavior, and we hope they will benefit our readers. 

Yours Sincerely, 
Terrance K. Martin Jr. 

Editor Financial	Services	Review	
	
	
	

1057-0810/22/$ – see front matter © 2022 Academy of Financial Services. All rights reserved.