Financial Planning after Retirement for People in Baan Eua Arthorn Village, Pak-keaw Sub-district, Muang, Sukothai

Abstract

This research aims to study financial planning after retirement for people in Baan Eua Arthorn Village, Pak-keaw Sub-district, Muang, Sukothai. The sample group comprises 205 residents in Baan Eua Ar Thorn Viallage Pak-keaw Sub-district, Muang, Sukothai by questionnaire mail survey to collect data. Statistical analysis consists of frequency, percentage, mean, and standard deviation. The results of financial planning after retirement showed in five dimensions. First, asset management aspect found that the majority of people possess liquidity asset not exceed 100,000 Baht. Second, in part of credit management for consumption found that most of people do not hold credit card. Third, the point of saving for investment found that monthly saving not exceed five percent of revenue but for necessity and emergency purpose. Fourth, the pattern of saving or investment found that saving style is invested in saving account for risk management and insurance purpose mostly. Last, in the dimension of personal income tax planning found that revenue of most people are not met tax criteria. This research suggests that related sectors should educate in technique of financial planning before retirement, skills for create a part-time job, and household accounting to enhance people rely on themselves after retirement.