At the start of a new year, it is common to reflect on the past and make goals for the future. While fitness, career advancement, and personal growth often top your list, financial planning should also receive immediate attention. However, rather than just focusing on short-term goals like holiday shopping or summer vacations, long-term financial planning is also essential—especially retirement savings.
This post will explore retirement planning and give you some practical tips to get started.
Why Retirement Planning Matters
Retirement planning is more than just ensuring a comfortable lifestyle in your golden years. It’s about creating financial independence, reducing stress, and leaving a legacy. Despite this, many Americans are underprepared for retirement, according to studies.
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