Managing Personal Savings for Retirement Plan
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Abstract
This academic article aims to identify problems in savings management retirement planning and the presentation of personal savings management for retirement planning. Introducing the concept of savings preparation before entering retirement age welfare financial instruments. financial planning. investment risk and creating financial stability for retirement. It is a framework for analysis and synthesis for further presentation of personal savings management of retirement planning.
Findings are as follows: (1) the problems in managing personal savings namely, income clearly affects savings, income is either too little or too low, and career instability. Higher expenditures were attributed to the rising cost of living, instability in the Economy, politics, and wars. In terms of family burdens, the obstacles to being a member of the Sandwich Generation, taking care of two generations of people are the parent and the children’s generation. (2) Personal financial planning in terms of retirement planning, important personal financial planning, determines the age at which you want to retire, Amount of money required, and reviews the plan regularly. And (3) Personal savings management for retirement planning. For the purpose of living life through financial management and planning, prevent various problems, and build wealth by managing savings for retirement in a stable manner.
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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Academic articles, research articles, and book reviews in the Ph.D. in Social Sciences Journal are author’s opinions, and not the publisher’s, and is not the responsibility of the Ph.D. in Social Sciences Journal Philosophy Association, Ramkhamhaeng University. (In the case that research is done on human, the researcher has to be trained in Ethics for Doing Research on Human Training and has to produce the evidence of the training).
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