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International Journal for Research Trends and Innovation
International Peer Reviewed & Refereed Journals, Open Access Journal
ISSN Approved Journal No: 2456-3315 | Impact factor: 8.14 | ESTD Year: 2016
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Issue: March 2026
Volume 11 | Issue 3
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Impact Factor : 8.14
Issue per Year : 12
Volume Published : 11
Issue Published : 118
Article Submitted : 21604
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| Paper Title: | Understanding Retirement Planning The Influence of Personal Factors on Financial Decision-Making, |
| Authors Name: | Ashlesha Kelkar , Anirudha Sinha |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJRTI_201628
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| Published Paper Id: | IJRTI2503188 |
| Published In: | Volume 10 Issue 3, March-2025 |
| DOI: | |
| Abstract: | This study examines the evolving landscape of retirement planning in India, focusing on the influence of personal factors on financial decision-making and long-term savings behavior. Using a quantitative research methodology, the study surveyed 110 respondents and analyzed secondary data from government reports and financial institutions. The research reveals a growing trend towards diversified retirement portfolios, with mutual funds (72.3%), Employees' Provident Fund (57.4%), and the National Pension System (55.3%) emerging as the most popular options. Financial security was identified as the primary motivator for retirement planning (48.9%), followed by a belief in the importance of saving (36.2%). The study also highlights a significant influence of financial advisors (57.4%) on retirement planning decisions. Despite increasing awareness and participation in formal retirement planning mechanisms, a substantial savings gap persists, with 63.8% of respondents having saved less than Rs. 5,00,000 for retirement. The research underscores the need for enhanced financial education, leveraging technology for retirement planning, and developing more inclusive pension schemes, particularly for the informal sector. These findings have important implications for policymakers, financial institutions, and individuals in addressing the challenges of retirement security in India's rapidly aging society. |
| Keywords: | Retirement Planning, Financial Decision-Making, Long-Term Savings Behavior, Retirement Portfolios, Financial Education. |
| Cite Article: | "Understanding Retirement Planning The Influence of Personal Factors on Financial Decision-Making, ", International Journal for Research Trends and Innovation (www.ijrti.org), ISSN:2455-2631, Vol.10, Issue 3, page no.b579-b594, March-2025, Available :http://www.ijrti.org/papers/IJRTI2503188.pdf |
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2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
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Published Paper ID: IJRTI2503188
Registration ID:201628
Published In: Volume 10 Issue 3, March-2025
DOI (Digital Object Identifier):
Page No: b579-b594 Country: Mumbai, Maharashtra, India Research Area: Management Publisher : IJ Publication Published Paper URL : https://www.ijrti.org/viewpaperforall?paper=IJRTI2503188 Published Paper PDF: https://www.ijrti.org/papers/IJRTI2503188 |
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ISSN: 2456-3315
Impact Factor: 8.14 and ISSN APPROVED,
Journal Starting Year (ESTD) : 2016
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