TY  - JOUR
T1  - Saving for Retirement Behavior among Private Sector’s Employees in Malaysia: Dungun, Terengganu Case
AU - Farid Ridhwan, Ahmad AU - Mohamed, Mazni AU - Nawaitul Masdinar, Sharifah AU - Mohd Nor Hisyam, Wan 
JO  - The Social Sciences
VL  - 12
IS  - 2
SP  - 313
EP  - 318
PY  - 2017
DA  - 2001/08/19
SN  - 1818-5800
DO  - sscience.2017.313.318
UR  - https://makhillpublications.co/view-article.php?doi=sscience.2017.313.318
KW  - Retirement
KW  -savings behavior
KW  -financial risk tolerance
KW  -investment knowledge
KW  -religiosity
AB  - In Malaysia, awareness in retirement is still an indistinct issue among society. There are a lot of
retirement products being introduced by financial institutions and yet the initiatives to save for retirement are
step sided by many. This is where most of us think that companies and government retirement plan should be
enough to cover us for golden year’s expenses. However, many studies have shown that money saved in
companies and government pension plan may not be adequate for future consumption. Therefore, this study
subjectively aimed at discussion on saving retirement behavior among private sector’s employees in Dungun,
Terengganu. A theoretical framework is developed to illustrate the relationship between financial risk tolerance,
financial and investment knowledge and religiosity. This study utilized questionnaire based surveys to solicit
responses from employees who are working in private sectors in Dungun, Terengganu. Data collected
from 200 employees were analyzed by using statistical procedures of Statistical Package for the Social Science
(SPSS) version 19. Based on the investigation, the result reveals that there is significant relationship between
all independent variables towards dependent variables. As a whole, the whole model is demonstrated that all
the independents variables are able to explain 18.4% of the total variation dependent variables. The rest of
81.6% can be explained by undefined variables in this research. The analysis of this research was determined
by the factors that influence savings for retirement among private sector’s employees in dungun, terengganu.
The factors that influence to the savings for retirement are financial risk tolerance, financial investment
knowledge and religiosity that represent as independent variables.
ER  -