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Abstract
The purpose of this study was to explore the diverse retirement transition experiences and how adult education, as a form of retirement planning or retirement education, benefits the transitions of Korean Baby Boom generation. The research questions for this study are as follows: 1) In what ways does the Korean Baby Boom Generation approach to retirement? 2) What are the Korean Baby Boom Generations expectations about their post-retirement lives? 3) How does participating in retirement preparation contribute to the construction of Korean Baby Boomers ideas about retirement?To answer the suggested research questions, this study invited mixed-methods approach with longitudinal quantitative secondary data analysis and in-depth qualitative interview with Korean Baby Boom generation. Quantitative pillar of this study analyzed KLIPS 2015 Special Survey from Korea Labor Institute using multiple regression analysis. In qualitative pillar, seven Korean Baby Boom Generation retirees participated in the in-depth interview for exploring the internal variety of retirement transition. The data analysis revealed major findings based on the integration, comparison, and contrast of the two different methodological approaches: 1) the personal backgrounds have a close relationship for retirement satisfaction via participating retirement education, 2) The retirement satisfaction did not show the statistical significance with the situational backgrounds on retirement, 3) the quantitative approach did not prove the relationship between retirement education and retirement satisfaction but the qualitative interview analysis discovered that the retirees socioeconomic backgrounds can be one of the motivations for participating in retirement education, 4) participating in retirement education is closely related to the retirement confidence, and 5) Although the quantitative multiple regression analysis could not reveal the causality of retirement education to satisfactory retirement, the qualitative interview analysis could explain the quantitative analysis result. This study reiterated the significance of retirement education for Korean Baby Boom Generations retirement transition. In particular, the results suggested that the experience of retirement education could not predict the retirement satisfaction, but retirement education is one of helpful ways for the retirees to be in the place for networking, self-reflection, and setting a goal for post-retirement life. The availability of secondary data was also discussed, and it was proposed the necessity for developing more customized survey questionnaire on retirement education and retirement transition. Also, inviting more diverse type of methodological approaches are recommended for future studies on aging and retirement.