Retirement Planning Behavior for Financial Independence in Malaysia

Abstract

A standard instrument is required to measure retirement planning
behavior(RPB), especially for long term financial planning. This paper
studies the reliability and validity of RPB. A sample of 900
Malaysians participated in this study. The focus of the study was to
measure the Retirement Planning Behavior scale that was developed
from the literature of different papers. The results show that RPB is a
valid measurement based on its reliability and validity. The findings
highlight two dimensions for the RPB scale which consist of attitude
and intention towards retirement planning. Retirees will benefit from
RPB as they will achieve financial freedom after their retirement.

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