Retirement Savings Planning

Retirement savings planning involves setting aside money during your working years to ensure financial security when you retire. It includes determining how much you'll need for living expenses, healthcare, and leisure activities after you stop working. Common methods include employer-sponsored plans like 401(k)s, individual retirement accounts (IRAs), and personal savings. The process often includes estimating future expenses, choosing appropriate investment options for growth, and regularly reviewing your plan to stay on track. A well-thought-out retirement plan helps you maintain your lifestyle and reduces financial stress in your later years.