There is a looming retirement crisis, as individuals are increasingly being asked to take responsibility for their own … retirement planning and a majority of these individuals are financially unsophisticated. They cannot perform basic compounding … calculations and do not understand the impact of inflation, both critical aspects of retirement planning. Yet, these individuals …

requires state and local government employers to offer "qualified retirement plans," or they must automatically enroll their … workers in Social Security. To define a “qualified retirement plan,” the IRS uses a “safe harbor” provision that sets minimum … thresholds for defined contribution and defined benefit retirement plans. Prior work has demonstrated that the safe harbor …

income to cover basic needs after retirement, there will be economic repercussions if the situation is not handled soon. The … government and financial institutions have been encouraging Thai citizens to prepare retirement plans but lack understanding of … the root causes of being unprepared for retirement. The objectives of this qualitative research were to explore the …