Determinants of Effectiveness Comfortable Retirement Planning among Employees Small Medium Enterprise in Kelantan

This study is about creating new knowledge and better understanding on the important of financial literacy awareness towards a comfortable retirement planning among employees of small medium enterprise (SME) at Kelantan. The objectives of the current study is to examine the relationship between financial literacy and retirement planning among employees of small medium enterprise (SME) at Kelantan. To identify the relationship between awareness and retirement planning among employees of small medium enterprise (SME) at Kelantan. To investigate the factors that effect on the retirement planning among employees of Kelantan. This study is focuses on private sector which are small medium enterprise (SME) at Kelantan to examine the important of financial literacy of retirement, as we know that many of them saved little and will face financial insecurity in their old age. This study also to enhance financial literacy skill, knowledge and financial decision to manage their own financial in smart and effectively. In order to create awareness in financial literacy toward retirement planning this study suggest that retirees should have early planning stage and be clear on goals setting in their future. As saying goes If you fail to plan, you are planning to fail by Benjamin Franklin (1790).