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Key Points
- Retirement planning should include determining time horizons, estimating expenses, calculating required after-tax returns, assessing risk tolerance , and doing estate planning.
- Start planning for retirement as soon as you can to take advantage of the power of compounding.
- Younger investors can take more risk with their investments, while investors closer to retirement should be more conservative.
- Retirement plans evolve through the years, which means portfolios should be rebalanced and estate plans updated as needed.
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What Is retirement planning
Retirement planning is a multistep process that evolves over time . To have a comfortable, secure—and fun—retirement, you need to build the financial cushion that will fund it all. The fun part ...
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Knowledge on Retirement planning is essential as it needs to be planned right from the beginning of career.
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