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Retirement planning is not as simple as you think. There are so many things that you have to consider. It is just like creating a forecast report for your business. You have to make assumptions about your future and think about how you can reach your targets. It is not enough that you create a photo of what you want to happen. It is easy to say that you want to target a million dollars worth of sales in 2016. It is a different matter to actually create a plan so you can reach that million dollars. The same is true for your retirement. When you plan what you want to happen, you have to be true to what you want when you retire. This will help define what you need to do during your pre-retirement years. At the same time, you also have to be honest about what you can actually reach. That way, you will not drive yourself crazy trying to reach goals that are actually beyond your abilities. After all, if you are earning a minimum wage with 3 children to feed, it is very hard to have a million dollars when you retire. Regardless of your current financial situation, retirement planning is necessary if you want to be able to save anything at all. Even if you earn the minimum or you have a 6-figure income, you need to plan your every move so your retirement will not be compromised by the unexpected events that you will encounter as you live your life. To make your planning more effective, you have to consider the different factors that will affect your retirement targets. While it is tempting to focus on the financial aspect of things, you also have to consider the non-financial areas that have a huge effect on your retirement. One of the important aspects is your health.