Seven fundamental steps to retirement planning

Do you spend more time planning your family vacation than you do your own retirement? According to a recent report, people are more concerned about their next trip than they are about structuring a safe and secure retirement. What you might want to consider are the fundamental themes of retirement planning, including accumulating assets, tax planning, setting realistic and meaningful goals, liquidity, asset allocation, diversification and insurance.

n Accumulating assets

We have all seen charts illustrating the power of compounding. The more you save early on, the larger your nest egg for retirement. Many people don’t do enough during their working years…