Abstract
This paper analyzed the influence of age cohort effect on retirement planning. A total of 670 questionnaires were distributed with a 53.6% return rate. Four hypotheses were tested using hierarchical and stepwise regression analysis. The results revealed that age cohort variables made significant contribution to retirement planning as well as personal orientation towards retirement planning, particularly the younger age cohort. Age cohorts do affect personal orientation towards retirement planning with the confidence level making a significant impact. Current financial resources do have a strong positive impact on consumption for all age cohorts. On the other hand, no significant effect was found between age cohorts and current financial resources but older age cohorts were relatively more significant predictors. Key words: Financial resources, retirement planning, age cohort.
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