Question

What is a retirement plan ? Two three sentences?

Answer 1

Retirement plan is When you are planing to retire Before your retirement!

Answer 2

A retirement plan is a plan designed to accumulate money for an individual when they retire. Typically, people retire at around age 65 and need money to last their lifetime. Another important consideration is taxes. People usually have a lower bracket in retirement which is when they need to draw money from their retirement plan.