About the Authors
Bruce H. Brunson, Mid-Life Career Change: Career
Military Versus Noncareer Military Financial
Well-Being and Financial Satisfaction, is an assistant
professor in family financial management, Department of
Near Environments, Virginia Tech. He teaches courses in
family financial management. He received his Ph.D. in
Consumer Economics and Environmental Design with an
emphasis in Family Financial Planning from Texas Tech
University in 1996. He also holds an MBA and an M.A.
in Information Systems Management from Webster
University and a B.S. in Operations Analysis from the
U.S. Naval Academy. Prior to teaching at Virginia Tech,
he taught at Embry-Riddle Aeronautical University
teaching courses in management information systems and
strategic management. He retired from the U.S. Navy
after 22 years of service. His special interests include
family economic well being throughout the life cycle,
family financial management, employee benefits,
retirement planning, and military issues in financial
planning and retirement planning.
Sharon A. DeVaney, Retirement Preparation of the
Nonfarm Self-Employed, is an Assistant Professor at
Purdue University. She received the Ph.D. from The
Ohio State University in 1993. She became an
Accredited Financial Counselor in 1994. Her research
focuses on family financial management and the
economics of aging.
Bradley T. Ewing, The Long-Run Relation between the
Personal Savings Rate and Consumer Sentiment, is an
Assistant Professor of Economics at Texas Tech
University. He received a Ph.D. in economics from
Purdue University and M.A. and B.B.A. degrees in
economics from Kent State University. He previously
was an Assistant Professor at Georgia Southern
University and a Research Economist with Economic
Research Services, Inc.
John E. Grable, >Investor Risk Tolerance: Testing the
Efficacy of Demographics as Differentiating and
Classifying Factors, is an Assistant Professor at Texas
Tech University. He received a Ph.D. in Family
Financial Management at Virginia Tech in 1997. He
received an MBA from Clarkson University in 1988 and
a B.S. in Business/Economics from the University of
Nevada in 1987. He is a Certified Financial Planner and
a Registered Investment Advisor.>
A. William Gustafson, Mid-Life Career Change:
Career Military Versus Noncareer Military Financial
Well-Being and Financial Satisfaction, is an Associate
Professor at Texas Tech University. >He serves as
Director of both the Certified Financial Planning Board
of Standards registered undergraduate program in Family
Financial Planning and the Center for Financial
Responsibility at Texas Tech University. He has been
involved with family and personal finance research and
education for 21 years. Gustafson has been involved in
certification and test development with two national
organizations. He was appointed to the Certified
Financial Planner Board of Standards Financial Planning
Subject Matter Review Panel, a six person national
panel, to review and update topics and subtopics for the
CFP comprehensive exam. He also served as a member
of a three person panel to review and update exam
questions related to the fundamentals of financial
planning. While serving as a member of the AFCPE
Board of Directors, he was a member of the National
Financial Counselor Certification Committee which
helped to develop the framework for the Accredited
Financial Counselor (AFC) designation. He has served as
a member of the Industry/Educator Forum of the IAFP,
and as President and Chapter Administrator of the West
Texas Chapter of the IAFP.
Sherman Hanna, Are Americans Prepared for
Retirement?, is a professor in the Consumer and Textile
Sciences Department at The Ohio State University. He
received a Ph.D. in Consumer Economics from Cornell
University and a B.S. in Economics from the
Massachusetts Institute of Technology. In 1997 he was
named a Distinguished Fellow of AFCPE.
Celia Ray Hayhoe, Modeling Perceived Economic
Well-Being in a Family Setting: A Gender Perspective,
is an assistant professor at the University of Kentucky.
She received her Ph.D. from the University of Arizona in
Family and Consumer Resources with a minor in
Finance. She is a Certified Financial Planner and has
practiced as a fee-only financial planner since 1985. She
currently has a research grant from the American
Association of Family and Consumer Sciences to study
students use of credit. Her other research projects deal
with consumer education for teenage parents, and
retirement. Dr. Hayhoe has published several refereed
journal articles and presented at several national
conferences. She also authored the chapter on the use of
financial calculators in The Mathematics of Personal
Finance.
Barbara C. Kerkmann, Motivation and Stages of
Change In Financial Counseling: An Application of a
Transtheoretical Model from Counseling Psychology,
graduated in June 1998 from Utah State University with
an MS in Marriage and Family Therapy. She became a
Accredited Financial Counselor in 1996 and earned her
BA in Family Financial Management also from Utah
State University in 1995. She is currently looking for a
position where she can practice and combine both
professional specialties.
Constance Y. Kratzer, Retirement Preparation of the
Nonfarm Self-Employed, is an Assistant Professor and
Extension Specialist at Virginia Polytechnic Institute and
State University. She received a Ph.D. in Family
Ecology at Michigan State University, a M.S. degree in
Management and Family Economics from the University
of Kentucky and a B.S. degree in Home Economics
Education from Iowa State University. She taught for
Michigan State University in Okinawa, Japan in 1991.
She was editor of the AFCPE conference proceedings in
1995 and served as Student paper chair in 1998. Her
current extension responsibilities include State
Coordinator for the Money 2000 program.
Joan Koonce Lewis, The Operations, Appeals and Costs
of the Alternative Financial Sector: Implications for
Financial Counselors, is an Associate Professor in the
Department of Housing and Consumer Economics at The
University of Georgia. She received a Ph.D. from The
Ohio State University in Family Resource Management
with a minor in Business Finance. She received an M.S.
degree at The Ohio State University, and a B.S. degree
from North Carolina Central University in Home
Economics Education. She was a recipient of a Young
Science Award from the National Science Foundation.>
Ruth Lytton, Investor Risk Tolerance: Testing the
Efficacy of Demographics as Differentiating and
Classifying Factors, is an Associate Professor of
Resource Management at Virginia Polytechnic Institute
and State University.> She was the editor of the 1994
AFCPE conference proceedings and the program
co-chair for the 1990 AFCPE conference. In 1995 she
was recognized by AFCPE as the Mary Ellen
Edmondson Educator of the Year. She co-authored the
Student Study Guide and Instructor’s Manual that
accompany the college text, Personal Finance: Turning
Money Into Wealth by A. J. Keown (1998).
Catherine P. Montalto, Are Americans Prepared for
Retirement? and Estimating Nonlinear Models With
Multiply Imputed Data, is an Assistant Professor in the
Consumer Sciences Department at The Ohio
State University. She received a Ph.D. in Consumer
Economics and Housing from Cornell University in 1992
with minors in Labor Economics and Applied
Economics/Econometrics. She received the 1993
Dissertation Award from the American Council on
Consumer Interests, and the 1998 Faculty Award from
The Ohio State University College of Human Ecology
Alumni Society. She is a member of the editorial boards
for Advancing the Consumer Interests and Financial
Counseling and Planning, and of the ad hoc review panel
for the Journal of Family and Economic Issues.
James E. Payne, The Long-Run Relation between the
Personal Savings Rate and Consumer Sentiment, is an
Associate Professor of Economics at Eastern Kentucky
University. He received Ph. D. and M.S. degrees in
economics from Florida State University and a B.A.
degree in economics from Berea College. He has held
academic appointments at Oakland University and the
University of Southern Mississippi. He was a Visiting
Research Fellow at the American Institute for Economic
Research in the summer of 1997.
Deanna L. Sharpe, Retirement Preparation of the
Nonfarm Self-Employed, is an Assistant Professor at the
University of Missouri-Columbia in the Consumer and
Family Economics Department. She earned a M.S. in
economics and a Ph.D in Family Resource Management
from Iowa State University. She is a Certified Financial
Planner. She teaches courses on personal and family life
management, family economics, employee benefits and
retirement planning. Current research interests include personal financial aspects of employee benefits and
retirement planning, and financial aspects of life
post-retirement.
Mike Snow, Mid-Life Career Change: Career Military
Versus Noncareer Military Financial Well-Being And
Financial Satisfaction, is an Instructor of Mathematics at
Midwestern State University. He received his B.S. in
Continuing Education/Mathematics from Springfield
College in 1973, a M.S. in Mathematics/Statistics from
George Mason in 1991, and currently has 62 hours of
Ph.D. level course work completed from Texas Tech. He
is a retired Marine with 15 years of experience as a
Marine Corps Financial Management Officer.
Ugis Sprudzs, Diversification or Concentration? An
Empirical Analysis of Household Portfolio Allocation
Practices, is a Senior Consultant with the Financial
Services Consulting practice at KPMG Peat Marwick
LLP. He received an MBA in Finance and Econometrics
from the University of Chicago and also holds an MA in
Teaching and a BA in German from the University of
Chicago. From 1990 to 1995 he was a member of the
Investment Company Institute’s Research Committee.
Ya-ping Su, Retirement Preparation of the Nonfarm
Self-Employed, is a Ph.D. candidate in Sociology at
Purdue University. Her research interests include aging
and health, retirement, and longitudinal data analysis
Mari Wilhelm, Modeling Perceived Economic
Well-Being in a Family Setting: A Gender Perspective,
is currently serving as Director of the Institute for
Children, Youth, and Families at the University of
Arizona. She received her Ph.D. in Family Ecology
from Michigan State University after which she taught
family financial managment courses at the University of
Arizona for 10 years. >
Yoonkyung Yuh, Are Americans Prepared for
Retirement? and Estimating Nonlinear Models with
Multiply Imputed Data, received her Ph.D. in Family
Resource Management in the Consumer and Textile
Sciences Department at The Ohio State University in
September, 1998. She received M.S. and B.S. degrees
from Ewha Womans University.