There are various importance of retirement planning such as:
- It helps in financial emergencies
- It makes a retired person financially independent
- Helps in early retirement
The following are the importance of retirement planning: 1) Separate your savings from your income. 2) Make sure that you have enough money saved up to cover various contingencies. 3) Consider tax implications and find out if there are any tax breaks for retirement savings.
Retirement planning is important to ensure that you have enough money to live comfortably. It can also help you in the long run by helping you save for your children's education or other future expenses. Also, retirement planning will help you plan for a comfortable life without having to worry about how to make ends meet.
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