Retirement planning: its application to marketing practices.

Aging is an inevitable process that brings with it new challenges and concerns. This study examines the drivers (e.g., financial knowledge, health knowledge, concerns of older adults, and quality of life of the aging person) of retirement planning. Data collected by NCOA from a nationally representative sample of 3,048 community-residing adults was utilized. Multiple regression was used for testing of hypotheses. Results indicate: Indicators of quality of life (SEI), Health knowledge (SHK), and concerns of aging (SCA) are important predictors of retirement planning, and Financial knowledge (SFK) of the aged person is a predictor of planning in the opposite direction.