Retirement Planning Model for Thai National Athletes

Abstract

     This research aims wear (1) to study the factors, cause and effect which influence the well-being of Thai national team athletes and (2) to develop the retirement planning model of Thai national team athletes. This research is Mixed Method by Explanatory Research. Questionnaires were used as a tool for collecting data from 260 Thai national team athletes. Data analysis used statistical analysis with Structural Equation Model: SEM to test rational relationships. Develop model by Exploratory Factor Analysis: SFA and confirm the retirement plan model of the Thai national team athletes by qualitative research with In-Depth Semi-Structural Interview.

     The results showed that develop the retirement planning model of Thai national athletes consist wear Social Support, Psychological Well-Being Scale and Financial Literacy. By discovering that Social Support, Psychological Well-Being and Financial Literacy have a direct positive influence on retirement planning. And retirement planning has a direct positive influence on the intention of retirement of Thai national athletes and also found that Social Support by family support, close people and friends is of direct importance to retirement planning. Athletes with self-improvement, the mind is ready. Have being a family leader, pride in yourself will have a good attitude. Have a good mental health, proper financial behavior controlled, resulting in confidence to proceed with retirement planning in the form of savings or financial investments. And business investments that are sufficient to the further career after being an athlete appropriately to succeed and be happy.