Retirement Concepts as Predictors of Preretirement Consideration and Planning

Abstract

This study explores how different conceptualizations of retirement—New Beginning, Continuation, Imposed Disruption, and Transition to Old Age—affect retirement consideration and planning while controlling for demographic and work-related variables. In a sample of Slovak preretirees ( N = 332, Mage = 54.84, SD = 3.67 years, all working full-time), three of the retirement concepts were significant predictors of retirement consideration and planning. The New Beginning concept positively influenced both retirement consideration and planning. In contrast, the Continuation concept negatively impacted retirement consideration, with no significant effect on retirement planning. The Imposed Disruption concept positively predicted retirement consideration and planning, although the mechanisms driving engagement differed from those in the New Beginning concept. The Transition to the Old Age concept did not significantly predict retirement consideration or planning. These findings highlight the importance of understanding individual retirement concepts when discussing retirement planning and consideration. Consequently, preretirement interventions should focus on personalized approaches that reflect employees’ unique retirement concepts and needs, supporting healthy pathways to retirement.