Yan Ping Lin
National Cheng Kung University, Taiwan
Title: The factors of pre-retirement planning among middle-aged and older adults in Taiwan
Biography
Biography: Yan Ping Lin
Abstract
Introduction: Past studies indicated that pre-retirement planning is helpful to release anxiety and adapt retired life of retirees. However, few studies examined the factors of pre-retirement planning among middle-aged and older adults. Therefore, the aim of this study is to find out the factors affecting middle-aged and older adults to prepare pre-retirement planning.
Methods: This study used a nationally representative dataset from “Retirement Planning, Life Adaptation and Health Status Survey”. This survey of 3141 retirees aged 50-74 years in Taiwan. Pre-retirement planning was designed with 20 items and could be grouped as five types. If retirees answered any one of these 20 items, they were categorized as pre-retirement planners, else as non-preretirement planners. The effect factors of pre-retirement planning were investigated in three dimensions: social demographic characteristics, work condition before retirement, and lifestyle. Descriptive statistics, chi-square test, T test, and logistic regression analysis were used in this study.
Results: In this study, more than half of the participants were male and 32% of participants prepared pre-retirement planning before retirement (the average number of planning items was 4.29±2.95). A majority type that participants planned before retirement was “Health promotion and leisure” (77%). Compared with the group of non-preretirement planners, participants who had pre-retirement planning were significantly associated with age, skill level of pre-retirement occupation, occupation types of pre-retirement, working pressure of pre-retirement, working time controlled by yourself, company provide information of retirement planning, drinking, exercise, and perceived health. Especially, information provided by company is the most effective factors of pre-retirement planning (OR= 3.09, 95%C.I.=3.09-5.39).
Discussion: According to the result, “Information provided by company” was the most important reason affect people to prepare pre-retirement planning. Therefore, future interventions and policies should assist companies to provide more kinds of information about pre-retirement planning and establish pre-retirement planning courses.