One of the major components of the personal financial planning process is Retirement Planning. After all, we all want to have enough money so that we can retire comfortably and not all of us will win the lottery. In addition to having enough money to be able to retire, many of us also want to retire early. However, children, vacations, cars, houses and food require current uses of our resources that may otherwise be available for our "golden years". Also, retirement seems so distant that we tend not to focus on saving for retirement. We opt to utilize our available resources now instead of saving and investing for retirement.
In this section, we hope to highlight issues that will help you gain some insight into the retirement planning process. Specifically, we will address the following: