Retirement planning is a process in which individuals allocate money from their income while they are employed to meet their financial and lifestyle goals upon retirement. Retirement planning can take many forms and is more effective when it is tailored to an individual's needs. Prior to the late nineteenth century, the only retirement plans available were reserved for military personnel. Employer-funded pension plans for the average worker became popular by the early twentieth century. The... więcej
Salem Press Encyclopedia, 2020. 2p.