Research suggests that retirement planning can benefit individuals in a number of ways. In this study, two types of informal retirement planning and participation in a retirement planning seminar were used to predict retirement expectations and self‐efficacy, or subjects’ confidence in their ability to make the retirement transition. Results suggested that informal leisure planning had a positive impact on expectations and self‐efficacy, whereas effects of participating in the planning seminar were limited to retirement expectations. Suggestions for designing planning seminars are discussed in view of these findings.
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Taylor‐Carter et al. (1997) studied this question.
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