What is the meaning of retirement planning?
What is the meaning of retirement planning?
The retirement planning implies that your finances are ready, and the kind of life you wanted to live is also ready when your working days are over. It is about saving, investing and decision making. So, that you can live a comfortable life without having to rely on active income in the future.
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Re: What is the meaning of retirement planning?
Retirement planning refers to planning in terms of money to live the kind of life you want after retirement. It is all about saving, investing so you can live in your own way without relying on a salary.
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Re: What is the meaning of retirement planning?
It is the process of designing your financial life after retirement. It involves budgeting, investing in capital assets like stocks, and planning on healthcare to have long-term comfort.