What is Retirement Plan?
Retirement planning is the process of setting retirement income goals, and the actions and decisions needed to achieve those goals. Retirement planning involves identifying sources of income, shaping expenses, implementing a savings program, and managing assets and risk.
Types of Retirement Plans
Employment based Retirement Plans
Government Retirement Plans
Insurance based Retirement Plans
Benefits of Retirement Plans:
However, this planning involves a lot of calculations. Listed here are some benefits of retirement planning to help you make the right investment choices:
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