QR Code Link : Type : Thesis Subject : Business, Marketing, International Trade Main Author : Eldrina Binti Paimin Title : Understanding Financial Attitudes toward Retirement Planning: Financial Preparedness for Retirement among Malaysians Content Type : still image (rdacontent) Media Type : computer (rdamedia) Carrier Type : online resource (rdacarrier)

Place of Production : Kuala Lumpur Publisher : Tun Razak Graduate School Year of Publication : October 2024 Physical Description : ill, 113 pages Notes : Research Project Submitted in Partial Fulfillment of the Requirements\r\nfor the Degree of Master of Business Administration Corporate Name : UNIRAZAK Library PDF Full Text : Login required to access this item.

Abstract : UNIRAZAK Library

Retirement planning is fundamental for securing financial stability, yet many individuals display varied levels of readiness. This research explores the financial perspectives that influence retirement planning behavior, with a focus on factors like financial literacy, perceived financial control, and risk tolerance. Recognizing the critical role of retirement planning, the study examines key hypotheses: (1) the correlation between demographic factors—such as age and gender—and the likelihood of having a retirement plan; (2) the impact of financial literacy on engagement in retirement planning; (3) the relationship between income levels and proactive retirement attitudes; and (4) the effect of positive financial attitudes on retirement planning behavior. This study employs a quantitative research methodology, gathering data through a survey of 115 respondents to analyze how demographic variables, financial literacy, income, and attitudes toward financial planning correlate with retirement preparedness. Findings indicate that older individuals show a greater tendency toward proactive planning, while gender differences reveal that men are generally more inclined to engage in retirement planning than women. A positive correlation is observed between higher financial literacy and the likelihood of having a retirement savings plan, as well as the total amount saved for retirement. Moreover, income levels are a significant factor, with higher incomes linked to a more proactive approach to retirement planning. This study concludes by emphasizing the need for targeted financial education programs and policy interventions to overcome barriers to effective retirement planning, ultimately enhancing financial outcomes for future retirees in Malaysia.

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