Retirement planning is a crucial process that involves setting financial goals and creating a strategy to achieve them for a comfortable and secure future. It requires assessing your current financial situation, estimating future expenses, and determining the necessary savings and investments needed to meet your retirement objectives. Effective planning considers factors such as age, lifestyle, healthcare needs, and inflation. By starting early and regularly reviewing and adjusting your plan, you can ensure that you have the financial resources to maintain your desired lifestyle during retirement.
