Review:
Retirement Planning
overall review score: 4.5
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score is between 0 and 5
Retirement planning is the process of determining retirement income goals and the actions and decisions necessary to achieve those goals.
Key Features
- Setting retirement income goals
- Estimating retirement expenses
- Saving and investing for retirement
- Creating a retirement budget
Pros
- Helps individuals achieve financial security in retirement
- Allows for early preparation and peace of mind
- Provides guidance on managing finances post-retirement
Cons
- Can be complex and overwhelming for some individuals
- Requires sacrificing immediate spending for future savings