Retirement Planning for Women and Solutions for Common Problems

16 Pages Posted: 30 Sep 2015

See all articles by Monika Dwivedi

Monika Dwivedi

FMS-WISDOM,Banasthali Vidyapith

Harsh Purohit

Banasthali Vidyapith

Nidhi Choudhary

Banasthali Vidhyapith

Divya Mehta

Banasthali University

Date Written: September 29, 2015

Abstract

This paper aims to study the level of awareness among the women towards retirement planning as women don’t take retirement as an important event in their life. This attitude of women towards retirement is not the problem with non working women or rural women or illiterate women but also with the well educated and working women. Those who take retirement as important as other events of life are not well versed with various retirement savings instrument to be used for retirement savings and depend upon the traditional approaches of saving for their retirement. Apart from this, the attitude, behavior, family background, social issues, lack of awareness about financial planning and financial rights within the family also contribute to the lack of awareness about retirement planning. In this paper a stratified technique induced sample of 125 has been taken comprising the working women to understand the level of awareness, different avenues used by them for retirement and the common problems faced by them in doing retirement planning.

Keywords: Retirement planning, Investment avenues, Retirement corpus, Personal finance.

JEL Classification: D14, D31

Suggested Citation

Dwivedi, Monika and Purohit, Harsh and Choudhary, Nidhi and Mehta, Divya, Retirement Planning for Women and Solutions for Common Problems (September 29, 2015). Available at SSRN: https://ssrn.com/abstract=2666971 or http://dx.doi.org/10.2139/ssrn.2666971

Monika Dwivedi (Contact Author)

FMS-WISDOM,Banasthali Vidyapith ( email )

Banasthali
Newai
Newai
India
7737581374 (Phone)

Harsh Purohit

Banasthali Vidyapith ( email )

Banasthali Vidyapith
P.O. Banasthali Vidyapith
Rajasthan, Rajasthan 304022
India
9887886320 (Phone)

Nidhi Choudhary

Banasthali Vidhyapith ( email )

P. O Banasthali
Banasthali
Newai, Rajasthan 304022
India

Divya Mehta

Banasthali University ( email )

Banasthali Vidyapith
P.O. Banasthali Vidyapith
Rajasthan, Rajasthan 304022
India

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