Retirement Planning
Discover the essentials of Retirement Planning and its impact on your estate planning strategy for a secure financial future.
What is Retirement Planning?
Retirement planning is the process of determining retirement income goals and the actions necessary to achieve those goals, involving identifying income sources, estimating expenses, and implementing a savings program. It is crucial in estate planning because it ensures that your financial needs in retirement are met, while also allowing for the efficient transfer of your assets. A well-structured retirement plan considers retirement savings accounts, taxable investments, and managing expenses, which ultimately safeguard your financial independence and legacy.
