Why is retirement planning important?
Retirement planning is an important financial consideration that should start as early as possible in life. By adding funds to retirement accounts throughout one’s career and taking advantage of tax deductions, compound interest, employer-sponsored savings plans, and more, individuals can ensure their money will be secured for the future. It is important not only to save, but also to understand one’s retirement goals and plan accordingly.
While the responsibility of retirement planning rests primarily on the individual, most employers provide resources and assistance to help guide employees through the process. With careful financial planning, people can be confident that they will have the resources necessary to enjoy their retirement years.