how retirement planning works
a retirement plan is your preparation for a good life after you re done working to pay the bills or at least done working a full time job but it s not all about money the non financial aspects include lifestyle choices such as how you want to spend your time in retirement and where you ll live a holistic approach to retirement planning considers all these areas the goals for your retirement plan will change in focus over time some retirement plans change depending on where you are the united states and canada each have unique systems of workplace sponsored plans 1