Retirement planning is considered to be the planning that you will do to prepare yourself for life after your paid job ends. Retirement planning is also the process of deciding your retirement income goals and the actions and choices that are necessary to succeed in your goals. Retirement planning can include identifying your sources of income, estimating expenses, implementing a savings plan and managing your assets. Retirement planning will also look at your future cash flows and help determine if you retirement goals can be attained. Since most of us would like to retire comfortably, the time it takes to come up with a successful retirement plan can make the whole process not so stressful. Retirement planning involves many different types and ways that you can invest your money for your retirement years. Ultimately, your goal of retirement planning is for you to achieve financial independence.

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