Teresa C. Herrador?Alcaide|Montserrat Hernández-Solís|Gabriela Topa
A MODEL FOR PERSONAL FINANCIAL PLANNING TOWARDS RETIREMENT
National University of Distance Education|National University of Distance Education|National University of Distance Education
one problem sustainability systems pensions people without specialized financial training could manage resources actual personal intentions towards retirement research objective analyse relationship among several factors affect behaviour towards retirement financial management practices financial resources carrying structural equation model sem tested spanish workers sample three phases influence financial literacy financial retirement objectives optimism retirement tolerance financial risk commitment financial planning time 1 analysed explanatory variables financial management practices time 2 financial resources retirement time 3 explained financial management practices according results model predict 36 variance financial management practices 53 variance financial resources retirement thus model used checking knowledge personal financial behaviour retirement enables better personal financial planning would possible apply model based selfassessment order implement complementary financial planning would allow maintain welfare retirement