Retirement planning is all about setting goals for the money you`ll need after you stop working. It involves figuring out how much you`ll have coming in and going out, and making a plan to save and invest so you can reach those goals. It might not seem important when you first start earning, but getting a head start is a smart move. Life can throw unexpected things your way, so being ready financially is a good idea. Everyone has their vision for retirement, but whatever it looks like, it`ll need money to make it happen. Retirement planning is simply about setting goals for your income after you retire and figuring out how to reach them.
Basically, retirement planning is about making money plans now so you can live the way you want later. There are lots of ways to do it, depending on what works best for you.