Master Components of Financial Planning for Wealth Success
Retirement Planning: Securing Your Future
Retirement planning is essential for ensuring a comfortable and financially secure future. It involves determining how much money you will need in retirement and developing a plan to reach that goal. Utilizing retirement accounts like 401(k)s and IRAs can offer tax advantages and help you build a substantial retirement fund. According to Fidelity Investments, individuals should aim to save at least 15% of their pre-tax income each year for retirement4. By planning early and contributing consistently, you can enjoy a worry-free retirement.