Retirement planning is designed to achieve and maintain your desired standard of living and quality of life after you stop working. To achieve the best results, it is critical that you begin your retirement planning your retirement. Most Americans, however, don’t start thinking about retirement until well into their The cost of this postponed planning is a substantially level of retirement income. Estate planning, the second half of retirement planning, involves the method by which your will be passed on to your heirs, often by way of wills, trusts, and gifts. In general, at what age should you start addressing your financial planning activities? In general, it is best to begin the six planning activities—asset acquisition, liability and insurance, savings and investment, tax, employee benefit, and retirement and estate—planning as soon as possible. However, at what age is it generally recommended that you begin your employee benefit planning activities? My mid-40s My mid-20s When I turn 70 My early-60s