A structured approach to preparing for financial independence in retirement.
Retirement planning is the process of determining your retirement income goals and the actions and decisions necessary to achieve those goals. It involves calculating how much money you will need to live comfortably in retirement and devising a plan to save and invest to reach that amount. Key components include understanding your expenses, investing wisely, maximizing contributions to retirement accounts, and evaluating your asset allocation. Regularly reviewing and adjusting your plan is crucial as circumstances change over time.
The best way to predict the future is to create it. - Peter Drucker
