Retirement planning is important because it determines ones satisfaction with retirement lifestyle. Monitoring is the essential component of retirement planning as assumptions based on economic parameters may not remain valid over the long planning horizon.
It is important as, public and private pension may be insufficient to cover the inflation , cost of living may erode the purchasing power of your retirement savings. Earlier you begin to plan and save, the better you will be prepared. Planning also can assure financial support for you and your loved ones. So, the retirmenty planning is vitally important for all the above reasons.
I have explained well, if you face any doubt please comment in the box. Thank you !!
Get Answers For Free
Most questions answered within 1 hours.