Retirement simply means withdrawal from one's position or occupation or from active working life.
Retirement planning is the process of deciding retirement income goals, which includes
the actions and decisions necessary to achieve those goals. Identifying sources of income,
estimating expenses, implementing a savings program and managing assets forms part of retirement planning.
Sooner is better than later, when it comes to retirement planning.
One has to be prepared for life after paid work ends, not just financially also in all aspects of life.
The non-financial aspects include lifestyle choices such as how to spend time in retirement, where to live, when to completely stop working, etc.