Retirement is that time of your life when you choose to dedicate less time or no time to your profession, and focus more on other interests.

Although it is customary to think of retirement as being based on age, in reality retirement has little to do with age. At retirement, your professional income ceases and needs to be substituted by other income sources. A shift occurs from accumulation to distribution of wealth.

To continue with a standard of living that you are comfortable at, retirement needs to be planned for as early in your career as possible. Ideally, start planning for retirement with your first paycheck. Shane & Shane Financial can help you create an income plan in preparation for retirement.