We work very hard for the entire life. Satisfying the demands and reaching targets of the boss with in the given time is generally a tough task. But as the time passes by energy levels of human body decreases and we need physical rest. That is the time where we have to retire and relax with out money problems. Mind will be peaceful at least up to some extend when we do not have financial troubles. That is why every one shall plan and earn money for retirement.
Major care shall be taken about health security investments, regular monthly income, home to stay back, basic needs like food. Planning for holidays, trips, long journeys is also a good idea as you got enough time to spare for your self and family. Early you start thinking all about this, more the money that you are going to save for this. This helps the multiplication of capital with time and give you advantage. The days of government will take care of us is over and most of the part individual has to take care about him and self. We shall learn about managing money right from early age so that you can save, invest and stay happy after retirement.
First you shall decide the age at which you want to retire and start investing accordingly. Longer the time you have, smaller the money that you need to save per month. Identify all the costs that you need to pay after retirement and include the inflation effect on that. Calculate the money that you need in total and divide it with the number of months you are going to work. That is the amount you need to save it and start doing it for the sake of your retirement.