Retirement planning is the process of creating a realistic strategy for funding your retirement that balances current financial needs with expected retirement needs many years into the future.
A successful retirement is the highest financial priority for many people. Because of the long-term nature of retirement and all the variables that go into determining potential success or failure, it is often the most difficult financial goal for which to plan. Some items to consider when creating a retirement plan are longevity, expenses and inflation, asset allocation, and income, but most of all withdrawals. How are you going to effectively distribute funds from your nest egg?