Retirement planning is a comprehensive financial strategy aimed at ensuring a secure and comfortable lifestyle during the post-employment phase of an individual’s life. This process involves careful consideration of various factors such as income sources, investment portfolios, expenses, and desired retirement goals. The primary goal of retirement planning is to build and manage financial assets over one’s working years, allowing for a smooth transition into retirement with a sufficient income stream to maintain a desired standard of living. Whether through employer-sponsored plans, individual savings, or a combination of both, effective retirement planning empowers individuals to enjoy their golden years with financial peace of mind.