Retirement planning continues to be an alien concept for a substantial number of individuals. There is much more to retirement than just lazing in an armchair or taking morning walks. A prerequisite for a comfortable retired life is detailed planning. You need to set goals, make investments and assiduously work towards achieving them.
The key to retirement planning success is to start early. It is not necessary to start with a bang. You can start with small amounts and increase it as your salary increases. Also, if you start early and you have time with you, you can gain advantage of high returns and maximize your investments by investing in equities or equity mutual funds.
Planning for your retirement is an on going process. It requires discipline, self study and time. The earlier you start the better it is as you can gain from the power of compounding as well as aim for a higher return.