Retirement planning is a process of saving for retirement and preparing for when you will not be earning an income. Retirement planning is an integral part of life. It’s not just about saving your money but also about knowing how much you will need to live comfortably in your old age. It is the process of ensuring sufficient financial resources to provide a desired lifestyle in the retirement years.
Reasons for Retirement Planning
Following are the main reasons why retirement planning is essential.
- Extension of Life Span
- Inflation
Extension of Life Span:
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