ISSN

2321-5763 (Online)
0976-495X (Print)


Author(s): Anoop Mohanty, Bhanu, Siddhant

Email(s): anoop.mohanty@lpu.co.in

DOI: 10.52711/2321-5763.2023.00047   

Address: Anoop Mohanty1, Bhanu2, Siddhant2
1Assistant Professor, Mittal School of Business, Lovely Professional University, Phagwara, Punjab.
2Research Scholars, Mittal School of Business, Lovely Professional University, Phagwara, Punjab.
*Corresponding Author

Published In:   Volume - 14,      Issue - 4,     Year - 2023


ABSTRACT:
Retirement refers to a stage in life when an individual stops working and transitions into a life of leisure and relaxationwhere involvement in activities decreases and becomes more limited. Even after a person reaches retirement age, a good retirement life needs continued job and a source of regular income. Retirement planning includes financial planning and preparation to ensure a comfortable standard of living after the cessation of employment. Inadequate retirement planning will typically result in some dissatisfaction during retirement. Therefore, it is crucial to have a good retirement plan. The reasonto conduct this study is to examine the significance of demographic variables and its impact while preparing for retirementin India amongst young employees. The objectivehere is determining the importanceofvariables including age and incomewith regard to financial planning for retirement. The study is conducted in Indian context. Age and income are the demographic factors on which the study is conducted. The conclusions of this research will aidpeople of India in creating a sound retirement plan for their future.


Cite this article:
Anoop Mohanty, Bhanu, Siddhant. The Influence of Age and Income on Financial Planning: A Case Study on its Impact on Retirement Planning Decision. Asian Journal of Management. 2023;14(4):293-7. doi: 10.52711/2321-5763.2023.00047

Cite(Electronic):
Anoop Mohanty, Bhanu, Siddhant. The Influence of Age and Income on Financial Planning: A Case Study on its Impact on Retirement Planning Decision. Asian Journal of Management. 2023;14(4):293-7. doi: 10.52711/2321-5763.2023.00047   Available on: https://ajmjournal.com/AbstractView.aspx?PID=2023-14-4-10


REFERENCES:
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3.    Lusardi, Annamaria; Mitchell, Olivia S. Implications for Retirement Wellbeing of Financial Literacy and Planning. 2005 Michigan Retirement Research Center. Retrieved from http://papers.ssrn.com/sol3/Papers.cfm?abstract_id=881847.
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