Factors Affecting Personal Financial Planning for Retirement of Personnel at Buriram Rajabhat University

Abstract

The research intended to 1) study the factors that affect personal financial planning, 2) study personal financial planning, and 3) to find guidelines for improving policy of both government and private parties in promoting personal financial planning. The samples of the study were 265 personnel at Buriram Rajabhat University. This research was a mixed research. Data collection was divided into 2 phases: 1) collecting data by questionnaires using stratified random sampling. The data obtained were analyzed by frequency, percentage, mean, standard deviation, and regression analysis 2) conducing group discussion of 20 staff that were divided into 2 groups and analyzed by qualitative analysis. The result revealed that 1) attitude towards saving is the most important factor affecting personal financial planning for retirement, 2) saving proportion of each personnel is 25 percent of income in the staff welfare club, and 3) the government should encourage savings by granting tax deduction to tax payers and private sectors should organize employees welfare group or dividend fund.