Retirement planning- In the backdrop of Demographics and Investor's Profile

Abstract

In this study, researcher aspired to explore the association of the Demographic and Investor profile variables with the Retirement planning of investors using chi square tests. Further with the help of the correspondence analysis/crosstabs, researcher attempted to throw more light in to the association. Finally the extent of influence of the Demographic and investor profile variables on the Retirement planning clusters was studied using the canonical correlation. This research study follows the descriptive research design. By using Multi stage random sampling technique, the primary data for the study was collected from 470 respondents (investors) in the State of Tamilnadu, India. The results of this study revealed that there exists significant association between all the Demographic and Investor profile variables and the retirement planning. Also the results further revealed that among all variables taken in this study, variables such as qualification, type of family, no of dependents, current grade in the job, experience, monthly income, no of earning members and investment experience exert significantly strong influence on the Retirement planning.