retirement planning


The process of planning for retirement, specifically in terms of making financial plans. Most often, retirement planning involves depositing money into a retirement account, and purposefully saving money for the future. There are many different types of retirement plans available, including an Individual Retirement Account (IRA) and a 401(k) plan. In most cases, employees are provided with a retirement plan by their employer, and contributions to the plan are deducted from the employee's paycheck. Some employers will match a certain percentage of an employee's contributions, adding more money to their account.
Most plans have different rules and guidelines, including details such as when the money can be withdrawn.

Use retirement planning in a sentence

We had to do some retirement planning because we were gonna be retiring soon and needed to get out of the house.

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Have you considered retirement planning? There are various plans available and it really makes sure your future will be safe.

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When an individual hits mid-life, it's a good idea to look into retirement planning to ensure that enough money has been set aside to be sure an individual is financially taken care of in their later part of life.

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