Step-by-step explanation: People need to develop a plan to overcome the effects of taxation, inflation, and purchasing power risk. In addition, people need to coordinate their company benefits with a personalized financial plan. Because there are many complexities in dealing with the stock market and real estate, you need to have a properly constructed financial plan.
The reason I say this is because of the fact you can't go into retirement without knowing how much your going to get. You need to create a financial plan stating how much you will get and how much you have saved prior to this occurence.
