When it comes to planning for the future, most people think of retirement. Retirement planning is important because it allows you to do the things that you were unable to do while working— travel, start a business, go back to school, be closer to family, or simply relax. Because retirement is such an important phase in your life, careful planning is a must.
If retirement seems like it is a lifetime away, planning for how you’ll spend that time can be difficult. But one thing is certain—you’ll need to have money in retirement. If you don’t plan on working in retirement, where will this money come from?