Accumulation
You are adding money and allowing it to grow.
Retirement
Retirement planning is preparing for a period when employment income may fall or stop and spending must be supported by pensions, benefits and accumulated assets.
Retirement 101 • 01
Instead of relying mainly on employment income, you may rely on public pensions, workplace pensions, savings and investments.
The goal is not to guess one perfect number. It is to understand the pieces that will fund your life.
You are adding money and allowing it to grow.
You are using assets and income sources to fund spending.
Housing, health, taxes, public benefits, work choices and spending can matter as much as portfolio returns.
Remember this
Know the future sources of money and the spending they need to support.