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RPRL

Scale name: Retirement Planning Activity Scale 

Description: This 10-item scale is designed to tap the frequency of both information seeking and instrumental planning activities that have occurred during the preceding 12 months. 

Source: Hershey, D. A., Jacobs-Lawson, J. M., McArdle, J. J., & Hamagami, A. (2007).  Psychological foundations of financial planning for retirement.  Journal of Adult Development, 14, 26-36. doi: 10.1007/s10804-007-9028-1

Cronbach's alpha: 0.89

Response format: Likert-type response format (1 = strongly disagree; 7 = strongly agree)

Instructions: Using the seven-point scale below, please indicate the extent to which you agree or disagree with each of the following statements. 

Items:

            1. Frequently read articles/brochures on investing or financial planning.

            2. Read one or more books on investing or financial planning. 

            3. Frequently visited financial planning sites on the World Wide Web. 

            4. Gathered or organized your financial records. 

            5. Regularly tuned into television/radio shows on investing or financial planning. 

            6. Conducted a thorough assessment of your net worth. 

            7. Identified specific spending plans for the future. 

            8. Discussed financial planning goals with a professional(s) in the field. 

            9. Discussed financial retirement plans with an employer’s benefits specialist. 

          10. Discussed retirement plans with a knowledgeable friend or acquaintance.