Retirement preparedness in Turkey and the need for personal financial planning

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dc.contributor.authorÖzyüksel, Suna
dc.contributor.authorGünay, Umut
dc.date.accessioned2019-11-06T13:26:17Z
dc.date.available2019-11-06T13:26:17Z
dc.date.issued2019en_US
dc.departmentFakülteler, İşletme Fakültesi, Bankacılık ve Finans Bölümüen_US
dc.description.abstractTurkey’s social security system faces many challenges including an increasing average life expectancy, an ageing population, low insured/pensioner rates, and low savings rates. As a result, the Turkish pension system will likely come under significant pressure. The aim of this study is to highlight these challenges in order to raise awareness, and prompt action by policymakers and financial institutions alike. Also, in order to make a proposal, this study is aimed at understanding people’s expectations and anticipations related to retirement, their current savings and investment habits and their willingness to work with a Personal Financial Planner. Thus, a survey was conducted by the method of judgment sampling. From the results, it is evident that even those, who are highly educated and among the most informed on retirement matters in Turkey, have the need to work with a Personal Financial Planner for saving and investment decisions they are to make and execute, especially with respect to retirement.en_US
dc.identifier.endpage35en_US
dc.identifier.issue1en_US
dc.identifier.startpage15en_US
dc.identifier.urihttps://hdl.handle.net/11467/3089
dc.identifier.volume7en_US
dc.language.isotren_US
dc.publisherEurasian Publicationsen_US
dc.relation.ispartofEurasian Journal Of Economics And Financeen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectRetirementen_US
dc.subjectFinancial Planningen_US
dc.subjectSavingen_US
dc.subjectInvestmenten_US
dc.titleRetirement preparedness in Turkey and the need for personal financial planningen_US
dc.typeArticleen_US

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