TY - JOUR
T1 - Mediating role of retirement planning to achieve retirement adequacy & retirement satisfaction
T2 - A structural equation model evaluation
AU - Frank, Daniel
AU - Harrison, Aradhana
AU - Bai, Vidya
AU - Popescu, Virgil
AU - Birau, Ramona
AU - Prabhu, K. Sudhir
N1 - Publisher Copyright:
© 2025 Malque Publishing. All rights reserved.
PY - 2025/5
Y1 - 2025/5
N2 - The current study assimilates concepts from the theory of learned behaviourthrough interactions with the environmentwhere individuals make adaptive choices with a sample of 385 IT and ITES employees. The study conceptualized essential financial behaviours for effectiveretirement planning as a typology for retirement adequacy and satisfaction by providing empirical support for the validity of this typology. Retirement planning is the process of determining retirement income goals, and the actions and decisions necessary to achieve those goals. We found that retirement planning starts long before an individual retires as it is intrinsicand is influenced by individual’s attitude, knowledge, and information. Successful planning for retirement hinge on the propensity to save and invest for an unforeseen future with an intention of better tomorrow. Our findings provide support for the dynamic process of retirement planning and provide evidence that exogenous latent variable like savings attitude, borrowing pattern, investment decisions, insurance allocation and spending behaviour can facilitate retirement adequacy through financial security and satisfaction.
AB - The current study assimilates concepts from the theory of learned behaviourthrough interactions with the environmentwhere individuals make adaptive choices with a sample of 385 IT and ITES employees. The study conceptualized essential financial behaviours for effectiveretirement planning as a typology for retirement adequacy and satisfaction by providing empirical support for the validity of this typology. Retirement planning is the process of determining retirement income goals, and the actions and decisions necessary to achieve those goals. We found that retirement planning starts long before an individual retires as it is intrinsicand is influenced by individual’s attitude, knowledge, and information. Successful planning for retirement hinge on the propensity to save and invest for an unforeseen future with an intention of better tomorrow. Our findings provide support for the dynamic process of retirement planning and provide evidence that exogenous latent variable like savings attitude, borrowing pattern, investment decisions, insurance allocation and spending behaviour can facilitate retirement adequacy through financial security and satisfaction.
UR - https://www.scopus.com/pages/publications/105013530184
UR - https://www.scopus.com/pages/publications/105013530184#tab=citedBy
U2 - 10.31893/multiscience.2025195
DO - 10.31893/multiscience.2025195
M3 - Article
AN - SCOPUS:105013530184
SN - 2675-1240
VL - 7
JO - Multidisciplinary Science Journal
JF - Multidisciplinary Science Journal
IS - 5
M1 - e2025195
ER -