Financial Priorities in Retirement Preparation Among Retired Public School Teachers in Davao City Chapter 1INTRODUCTIONBackground of the StudyIn today's uncertain economy, tax planning has become progressively significant .George H. Schofield, Ph .D (2013) stated that it would take money to be able to afford a comfortable living, without work and with more free time when one retires. Being financially prepared is one of the goals of every worker to enjoy the so-called golden years with ease and comfort. Americans' confidence in their ability to afford a comfortable retirement remains low despite a challenging situation, according to the Annual Retirement Confidence Survey (RCS). A brighter economy is because they work themselves for what they need and don't plan or even conceive of their retirement years. Some workers save but don't realize how much they really need to save to achieve a financially secure retirement. From a financial perspective, it is safer to work with financial planners and professionals to ensure your financial well-being. Workers often guess how much they need to accumulate to invest for retirement rather than turning to a professional financial advisor. More likely, retirement is a big deal in our society today. There are big questions in their minds about what they will do and when they will start. Financial preparation for retirement requires enormous internalization to produce a concrete and correct decision on choosing the right way to put or invest your excess funds. Some employees have no knowledge about retirement management, selection and preparation. In the Philippine context, SSS benefits (for private workers) or GSIS (for public workers) are those funds... half of the document...ntData Collection ProcedureThe following steps were undertaken in data collection.1 . Through purposive sampling, the research sought permission from retired public school teachers in Davao City. After permission was granted, the questionnaire was explained and administered. Statistical treatment of data The data are analyzed using a system of appropriate scales and statistical tools as follows: Mean. It is used to determine respondents' financial priorities in preparation for retirement and their profile.F-Test. It is used to determine significant differences in respondents' financial priorities for retirement preparation and their profile.T-Test. It is used to determine significant differences in respondents' retirement financial priorities and profile.