The process of setting financial goals and creating a strategy to achieve them for retirement.

The strategy of dividing investments among different asset categories to manage risk and achieve desired returns.

The anticipated profit from an investment, calculated based on historical data and market conditions.

The ability to maintain financial health and stability over the long term, especially during retirement.

Investment accounts designed to help individuals save for retirement, such as 401(k)s and IRAs.

Spreading investments across various assets to reduce risk and improve potential returns.

A plan for how to draw down retirement savings to ensure funds last throughout retirement.

An individual's capacity to endure fluctuations in investment value without panic.

The concept that money available today is worth more than the same amount in the future due to its earning potential.

The current state of the financial markets, influenced by economic factors and investor sentiment.

The rate at which the general level of prices for goods and services rises, eroding purchasing power.

Estimating future income from various sources during retirement, including savings and investments.

The effects of taxes on investment returns and withdrawals, impacting overall financial strategy.

Strategic planning for financial goals that extend beyond retirement, ensuring ongoing financial health.

A backup strategy to address unexpected financial challenges or emergencies.

Specific objectives related to saving and investing that guide retirement planning efforts.

A plan for allocating assets and selecting investments to achieve specific financial goals.

Real-life examples used to illustrate financial concepts and strategies in retirement planning.

A tailored strategy outlining how an individual will invest their savings for retirement.

A process where individuals assess each other's work, providing feedback to enhance understanding.

Writing reflections on learning experiences to deepen understanding and track progress.

A concise overview of a comprehensive plan, highlighting key points and strategies.

Professionals who provide guidance on financial planning and investment strategies.

Companies that manage investments and offer financial products to individuals and institutions.

Managing personal financial activities, including budgeting, saving, investing, and planning.