QUESTIONNAIRE ON Investors Strategy towards Retirement Planning in Private Sector 1) Age (in years).................................................................................................

2) Please specify your gender: Male Female

3) Are you: o o o o Single Married Divorced Widow

4) How many dependents do you have? (Include spouse, children you support, elderly parents, etc.) o o o o None One Two or three More than three

5) You are employed for: o o Full time Part time

6) Who is in your household takes a lead in making financial decision? o Primarily you

o o

Other person, please specify................. Both

7) Is your spouse employed? o o Yes No

8) Which of the following categories best describes income of all members of your household, including wages or salary, Social Security, pensions, and interest or dividends on savings and investments?(monthly)

o o o o o

Less than 25,000 25,000 up to 75,000 75,000 up to 125,000 125,000 up to 150,000 150,000 and above

9) How many years remain to your retirement?

o o o o

Less than 5 years 5 to 15 years 16 to 25 years 26 years or more

10) In the table we include various financial goals. For each, please tell us how important it is to you personally at this stage of your life. First, is it very important somewhat important, not too important, or not at all important to you?

Goals

Very important

somewhat important

Neutral

Less important

Not important

a) Be financially independent b) Save for the retirement years c) Have enough for you and your family to live well d) Make sure your children or grandchildren can go to college

e) Pay your bills f) Have enough money to protect your family if you die unexpectedly g) Leave something for your children or grandchildren h) Be able to stay in your house or apartment as you get older

i) Be able to retire early 11) What rate will you give yourself on the basis of financial knowledge (eg: financial product etc.) on the scale of 1 to 10

10

12) Are you saving money for retirement? o o Yes No

If yes then please refer to section (B) , if no please continue and fill section(B) also

13) If not, what is the reason for the same? Scale them from 1 to 5(where 1 being low, 5 high) Reasons / scale High everyday expenses Saving for retirement not a priority Not knowing how to save Lack of financial discipline Bad economy Inheritance wealth) ( having lots of 5 4 3 2 1

being

Other, please specify........... 14) What will be your source of income at retirement? o o o o o o Inheritance income Gratuity Provident fund Employment during retirement The sale or refinancing of your home Support from your children or other family members 5 5 5 5 5 5 4 4 4 4 4 4 3 3 3 3 3 3 2 2 2 2 2 2 1 1 1 1 1 1

15) Are you planning to save in future for your retirement? o o Yes No

SECTION B If yes, then give answer for: 16) Have you (and/or your spouse) tried to figure out how much money you will need to have saved by the time you retire so that you can live comfortably in retirement? o o Yes No

17) Approximately what portion of your total investable assets is/will in your retirement savings plan? o o o o Less than 25% Between 25% and 50% Between 51% and 75% More than 75%

18) Which statement best describes your current investment knowledge and/or experience. o o o o o o No experience/knowledge I have very little investment knowledge. I know that there are risks associated with investing, but do not have much experience. I have invested some money into stocks, bonds or mutual funds. I invest my long-term savings primarily in mutual funds. I am an avid market-watcher and regularly monitor investment performance.

19) Which of the following sources of information do/did/will you use/used when you (or your spouse) are/ were making decisions on your savings and investments?

The advice of a financial professional

o o o o o

The advice of family, friends, or co-workers Internet Your own financial knowledge Banks / institutions Newspaper or magazine

20) Following section provides factors affecting the retirement planning. Please indicate your points from 10. More points you assign will indicate your relative preference for that factor. Total of all the points should be equal to 10. If you feel that the attribute is not at all important, then please assign 0 for that attribute.

Attributes Age Marital status Education Level Income Gender Other, please specify............... Total

Points ------------------------------------10

21) Which factor you/ you will consider the most before going for investment? Rank the following according to your preference where 1 is lowest rank and you cant give the same rank to two factors. Rank (1) Cost of investment (2) Risk with the instrument (3) Stable monthly income (4) Return from the investment (5) Tax saving investment . . . . .

(6) Other, please specify and also give rank to that

..........

22) A list for retirement planning instrument given below, tick the ones you are aware of, in second column tick according to your preference, in third tick those which currently you owe.... Instrument Provident fund Mutual fund Insurance New pension scheme Reverse mortgage Annuity Fixed deposit Equity Govt. securities None Other, please specify.................................................. . Awareness preference ownership

23) In the long term, how would you like your retirement investments to perform? o o o o Far exceed the rate of inflation Exceed the rate of inflation Keep pace with inflation Concerned more about protecting the value of my principal than the effects of inflation

24) Indicate which statement reflects your overall investment objective. o o o I want stable returns. I am risk averse and not prepared to expose my investments to any volatility in order to earn higher long-term returns. I want to achieve a higher long-term return and am prepared to experience moderate levels of volatility. I want to maximize my long-term returns and I am not concerned about short-term market movements.

25) Mark the following:

Strongly disagree I have other sources of retirement income I am willing to accept more risk to get higher profit When the market goes down, I am tempted to change to a more conservative strategy

Disagree

Neutral

Agree

Strongly agree

26) Which of the following best describes how you would like to receive your money retirement from a retirement plan :

Withdraw the entire amount as a lump sum

o o

A combination of regular payments and a lump sum withdrawal A series of regular payments guaranteed for the rest of your life

27) Do you anticipate withdrawing any money from your retirement portfolio (via a loan or due to early retirement, etc.)?

o o o o

I do not intend to remove any money in the foreseeable future I intend to withdraw money within 10 years or more I intend to withdraw money within 5 to 10 years I intend to withdraw money within 5 years or fewer

28) Which investment strategy according to you is beneficial?

o o o

Lifecycle strategy (invest aggressively to risky asset classes when you are young and gradually switch to more conservative asset classes as you approach retirement) Contrarian strategy (invest to conservative asset classes when you are young and gradually switch to more risky asset classes as you approach retirement) It will depend on accumulated wealth a few years before retirement.

SUGESSTION BOX:

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