Retirement Funding

Retirement funding refers to the financial planning and saving needed to support individuals during their retirement years when they are no longer working. It involves setting aside money through various means, such as employer-sponsored plans (like 401(k)s), personal savings accounts, pensions, or investments. The goal is to accumulate enough resources to cover living expenses, healthcare, and lifestyle choices after leaving the workforce. Effective retirement funding takes into account factors like desired retirement age, life expectancy, and future financial needs to ensure a secure and comfortable life after work.