The average -year-old American male lives for more years The average -year-old female lives for more years Yet a survey by the Employee Benefit Research Institute found that only half of workers and or their spouses have tried to figure out how much they need to save for retirement With longer life expectancy and worries about Social Security and pensions having a good retirement plan is key to avoid running out of money and keep a good quality of life This ease will show you Retirement Planning Your Guide to Financial Security Retirement planning is vital for financial security in later years It means figuring out your long-term goals what kind of lifestyle you want and how much money you'll need Experts say you'll need - of your pre-retirement income to keep up your current standard of living So making a detailed retirement plan is a must https youtu be iZl DzpgT feature shared Key Takeaways Retirement planning is essential for financial security in later life Only half of Americans have calculated their retirement savings needs Experts recommend - of pre-retirement income to maintain living standards Retirement planning involves setting long-term goals and determining desired lifestyle and income Increasing life expectancy and concerns about Social Security and pensions make a solid retirement plan crucial Understanding Retirement Planning Fundamentals Getting ready for a secure retirement means knowing the basics It's about starting early setting clear financial goals and figuring out what you'll need in the future Saving into employer plans like... Login to read full