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...

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Main Authors: Mohd Nur Fadzly, Basar, Noraina Mazuin, Sapuan
Format: Article
Language:English
Published: GBMR 2023
Subjects:
Online Access:http://umpir.ump.edu.my/id/eprint/38564/1/The%20Cognitive%20Determinants%20of%20Financial%20Planning%20for%20Retirement.pdf
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author Mohd Nur Fadzly, Basar
Noraina Mazuin, Sapuan
author_facet Mohd Nur Fadzly, Basar
Noraina Mazuin, Sapuan
author_sort Mohd Nur Fadzly, Basar
collection UMP
description 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.
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spelling UMPir385642023-09-08T07:22:54Z http://umpir.ump.edu.my/id/eprint/38564/ The Cognitive Determinants of Financial Planning for Retirement Mohd Nur Fadzly, Basar Noraina Mazuin, Sapuan HD28 Management. Industrial Management HG Finance 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. GBMR 2023 Article PeerReviewed pdf en http://umpir.ump.edu.my/id/eprint/38564/1/The%20Cognitive%20Determinants%20of%20Financial%20Planning%20for%20Retirement.pdf Mohd Nur Fadzly, Basar and Noraina Mazuin, Sapuan (2023) The Cognitive Determinants of Financial Planning for Retirement. Global Business and Management Research: An International Journal, 15 (2s). pp. 158-168. ISSN 1947-5667. (Published) http://www.gbmrjournal.com/pdf/v15n2s/V15N2s-12.pdf
spellingShingle HD28 Management. Industrial Management
HG Finance
Mohd Nur Fadzly, Basar
Noraina Mazuin, Sapuan
The Cognitive Determinants of Financial Planning for Retirement
title The Cognitive Determinants of Financial Planning for Retirement
title_full The Cognitive Determinants of Financial Planning for Retirement
title_fullStr The Cognitive Determinants of Financial Planning for Retirement
title_full_unstemmed The Cognitive Determinants of Financial Planning for Retirement
title_short The Cognitive Determinants of Financial Planning for Retirement
title_sort cognitive determinants of financial planning for retirement
topic HD28 Management. Industrial Management
HG Finance
url http://umpir.ump.edu.my/id/eprint/38564/1/The%20Cognitive%20Determinants%20of%20Financial%20Planning%20for%20Retirement.pdf
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