The Cognitive Determinants of Financial Planning for Retirement
Purpose: To determine the cognitive factors that influence the financial knowledge of the individual in preparing for retirement. Design/methodology/approach: This is a conceptual paper and a systematic review is used as the methodology. Findings: The findings of this study suggest that the cognitiv...
| Hauptverfasser: | , |
|---|---|
| Format: | Artikel |
| Sprache: | English |
| Veröffentlicht: |
GBMR
2023
|
| Schlagworte: | |
| Online Zugang: | http://umpir.ump.edu.my/id/eprint/38564/1/The%20Cognitive%20Determinants%20of%20Financial%20Planning%20for%20Retirement.pdf |
| Zusammenfassung: | Purpose: To determine the cognitive factors that influence the financial knowledge of the individual in preparing for retirement. Design/methodology/approach: This is a conceptual paper and a systematic review is used as the methodology. Findings: The findings of this study suggest that the cognitive dimension can become a component of a larger model in terms of the development of an elderly's financial well-being during retirement. At the end of this conceptual research, a model will be proposed for further research in the future. Research limitations/implications: This study only focus on cognitive factors. Future studies can focus on other factors that relate to financial knowledge such as opportunity dimensions and readiness dimensions. Practical implications: Cognitive factors are important elements to measure the financial knowledge of individuals and their readiness for retirement preparedness. Originality/value: Even though there has been a significant amount of research on saving behaviour among the elderly, no studies have attempted to model and validate how Malaysian seniors save for retirement. |
|---|