Smruti Vakil, Swati Modi


This cross-sectional study is an explanatory research intended to establish the relationship between the retirement
planning behavior and the various factors affecting the retirement planning behavior. A total of 300 working individuals in
the age group of 26 to 55 years had participated in this study. The objectives of this study are to examine the retirement planning behavior of
working individuals. This study contributes a clear view through the symbolic interaction theory and several past relevant empirical studies. The
results identified several significant variables in the prediction of working individuals' retirement planning behavior, including age, education
level and income level. The findings of this research support the research model in which potential conflict in retirement planning, attitude toward
retirement and retirement goal clarity are the significant predictors of retirement planning behavior. The results of this study have implications for
working individuals to do early planning for retirement to enable them to have a strong financial base after retirement.
The nature of retirement and its importance to people has undergone rapid changes. This study will be an attempt to analyse the retirement
planning behaviour of the people and to determine the retirement objectives of the people and also the preference of the individuals to achieve
those retirement planning objectives.

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