Retirement planning is saving money early to live on during your retirement. As soon as you have an income, you should start saving. Whatever age (55 or 85) you intend to retire, you will need money to live on. No matter how old you are or the level in your career now is the time to think about your retirement needs.
Plan for your retirement by determining your retirement goals, establishing an emergency fund, prepare a monthly budget and meet with a financial professional regarding investment risk tolerance and your investment options.