Retirement planning

Retirement planning is planning for when you get older and will not have a job anymore. It means thinking ahead about how you will take care of yourself when you don't have money coming in from a job. You can save money for when you are older - this money is called a retirement savings account. You can save some of the money you get from each paycheck and put it in the retirement savings account so that the money can grow and you will have some money when you are older. You can also talk to a professional who can help you plan how much money you need to save and what to do with the money you save.