| Summary: | 碩士 === 國立中山大學 === 企業管理學系研究所 === 99 === Abstract
Preparing for retirement is a complex task at which some individuals succeed while others do not, often with dire consequences. A model of investor behavior including retirement planning and saving is tested in a Taiwanese sample of full-time working adults. 134 participants completed a questionnaire about future time perspective, retirement goal clarity, financial literacy, retirement planning activity level and monthly savings contributions. Results indicated that FTP was a significant predictor of savings contributions and goal clarity which in turn predicted financial literacy and planning activity level. Financial literacy predicted planning activity level. No support was found for planning activity level as a predictor of monthly savings contributions. A three-way interaction with FTP, financial risk tolerance and financial knowledge as predictors of savings contributions was approaching significance, but small sample size likely limited statistical power. Path analysis shows some support for a model of retirement planning proposed by Hershey (2004) though data do not fit models previously tested by Hershey, Jacobs-Lawson, McArdle, and Hamagami (2007) and Stawski, Hershey and Jacobs-Lawson (2007). Instead a new model of retirement planning and savings contributions is proposed. However it is likely that savings norms affect contributions such that those who do not plan for retirement do not save at a rate lower than those who do. It is also likely that those who do plan for retirement invest rather than save disposable income.
Keywords: retirement planning, personality, future time perspective, financial planning, financial literacy
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