Retirement planning is the process of preparing for your financial future after you stop working. It involves setting goals, estimating expenses, and creating a strategy to accumulate enough savings or investments to support yourself during your retirement years. By considering factors such as your desired retirement age, expected expenses, and potential sources of income, you can develop a personalized plan that aligns with your financial goals. It’s important to save and invest consistently over time, taking advantage of retirement accounts and investment vehicles that offer tax advantages and potential growth. Additionally, considering healthcare costs and potential inflation is crucial. Regularly reviewing and adjusting your retirement plan as circumstances change is also recommended. By engaging in retirement planning, you can work towards a secure and comfortable future, allowing you to enjoy your golden years with peace of mind.