Volume 19, No. 2, 2022

The Study And Assessment Towords The Retirement Planning: The Literature Review


Md. Musharrof Hossain , Professor Dr. Vijay Kulkarni , Professor Dr. Eknath Khedkar

Abstract

Retirement is an important phase of life, bringing with it many challenges in terms of adjustments and changes in lifestyle, self-esteem, friendships, and vocation. In the context of Bangladesh, most of the employees retire after working for many years, therefore their bonding with their work is strong and their life is meaningful once they were attached to work. Therefore, retirement impels to making changes in daily routine, bringing disengagement from work and the individual may enters into a state of devaluation. Retirement may offer an opportunity to establish a more preferable rhythm in life, but, on the other hand, retirement may also lead to some social and personal challenges. The focus of this study is to review and assess the literature towords various dimensions of retirement planning. The literature is reviewed from various articles on retirement planning from various sources which are further synethesised to derive the interpretations. The findings and outcome of the study emphasises on the significance of retirement planning, the importance of financial literacy to smoothen the retirement planning and elements that contributes towards the successful life after retirement.


Pages: 10059-10064

Keywords: Retirement Planning, Financial Planning, Retirement Savings, Retirement Schemes, Financial Literacy, Private Sector Employees, Social Security

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