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- 26-12-2024 (3)
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Abstract
The retirement planning research studied among female adults in Ipoh, Perak, Malaysia, highlights the critical needs for individuals to plan for retirement early to ensure financial security and a comfortable lifestyle in later years. Employing a quantitative research method, a structured questionnaire was distributed to the target population, resulting in 203 valid responses. The collected data were analyzed using SPSS Version 29 to identify significant relationships between the variables studied. The findings reveal that attitude towards retirement and financial literacy play a significant role in shaping female retirement planning, while parental socialization and personal goals do not exhibit a substantial impact. These results contribute valuable insights into the factors affecting women’s retirement readiness and underscore the importance of addressing financial literacy and attitudinal changes to promote effective planning. Furthermore, the study emphasizes in depth research in understanding the unique challenges and barriers faced by female adults in Ipoh, paving the way for more targeted interventions and policies.
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