Pre-Retirement Planning: Enlightenment for Workers Towards Financial Independence in Ilorin west L.G.A. Kwara State, Nigeria
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Date
2025-10
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Published by Ojaja University Press
Abstract
This paper examined the pre-retirement planning as enlightenment for workers towards financial independence in Kwara State, Nigeria. Descriptive research design was adopted for the study. The population of study consists of all the staff of Ilorin West local government, (654). A sample size of 100 respondents drawn from the staff of the local government using simple random sampling technique. A self-designed questionnaire was used to elicit relevant information from the respondents. Data collected from the respondents were analyzed using a simple percentage to analyze the demographic information of the respondent while mean and standard deviation was used to answer the research questions raised. This study explores how pre-retirement planning activities can increase the total resources of retirees, including tangible mental, social resources, and consequently contribute to better psychological and physical well-being. The results of the latent growth mediation models also support our prediction: retirees with more preparatory activities before retirement acquire greater resources at the initial stage, which contribute to positive changes in post-retirement well-being over time. The results of the study reveals that enlightening the public about pre-retirement planning help workers think critically and plan, Lack of proper information cause workers not plan effectively towards retirement, educating workers about pre-retirement planning before employment help them to plan adequately.
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Pre-retirement, Independent, Workers, Enlightenment and Finances