Life-Cycle Financial Planning In Malaysia: Planning And Strategies

This book covers the extent Malaysians make financial preparations and their readiness for retirement including predictors of financial planning for post-retirement. It delved into the concept of financial planning life-cycle theories of savings consumption and investing and the critical issues surrounding the study of retirement particularly the financing of consumption during the post-retirement period. The results revealed that twelve of the hypotheses or sub-hypotheses were supported and five were not supported. The study found that education spouse age home ownership and current financial resources are significant demographic variables that have a positive relationship with financial planning for post-retirement. There is a significant perception towards financial planning for post-retirement among the older age cohorts (age above 46 years). This difference in perceptions among the different age cohorts could be attributable to younger age cohorts having lower income and planning to start a family.