Impact of Investment Planning on Employees’ Perceived Retirement Preparedness

Volume 11, Issue 3, 2026

International Journal of Commerce and Management Studies, ISSN 2456-3684

Paper Title

Author Name and Affiliation

Dr. Sahifa Moosa Muradbi Mazgaonkar

Department of Accountancy, L. Dahanukar College of Commerce (Autonomous), Dixit Road, Vile Parle East, Mumbai

Email: sahifar0402@gmail.com

Abstract

Purpose: This study analyses the impact of Diversification of Investments, Risk Appetite in Investment Decisions and Retirement Benefits Provided by Employer on employees’ Perceived Retirement Preparedness. Because corporate employees increasingly have more freedom in implementing their investment strategies as opposed to the traditional pension systems, examining determinants affecting the confidence of financial preparation for old age would be necessary in order to take informed decisions and take informed policies.

Design/Methodology/Approach: The quantitative research methodology was adopted using the multiple regression technique to examine the association of investment planning factors with perceived retirement preparedness. The research was conducted on 684 corporate employees from a suburban area of Mumbai by using simple random sampling design. Then, regression analysis and assumption verification were performed to confirm the statistical significance of the independent variables.

Findings: The findings indicate that Investment Diversification (B =. 211, t = 4.499, P =. 000), and the Level of Risk Appetite in Investment Decisions (B =. 188, t = 4.211, P < .001); and Retirement Benefits Provided by Employer (B =. 331, t = 6.275, P <.001) have a strong and positive effect on Perceived Retirement Preparedness. The regression model F (3, 680) = 53.204, p <.001, R² = .190) accounts for 19% of the variance in Perceived Retirement Preparedness, suggesting the role of these investment-related factors in influencing perceptions of financial confidence towards retirement.

Originality/Value: This study offers empirical support for the role of workers’ investment choices and employer benefits in influencing retirement security. Implications The results add to the existing academic debate on financial preparedness and provide practical implications for those working in corporate employers, policy makers and financial advisors in developing measures to enhance financial literacy and retirement savings. This research contributes to understanding effective financial planning by recognizing important investment behaviours that will lead to long-term financial stability for employees.

Keywords

Investment Diversification, Risk Appetite, Retirement Preparedness, Retirement Benefits Provided by Employer

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DOI

DOI: https://doi.org/10.67061/ijcams.2026.vol.11.issue.03.8126

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