We get it: retirement planning doesn’t sound like much fun. But just because you’re still young and agile doesn’t mean you can’t (or shouldn’t) prepare for your future. Plus, planning for your golden years isn’t an easy, one-off exercise. You’ll have to assess and adjust your plans continually.

Seow Kai Lun, managing editor of The Simple Sum, an online platform that delivers easy-to-understand and entertaining personal finance tips, suggests drawing up a projected retirement expenses plan. It should include daily expenditures such as meals and housing, healthcare costs, emergency funds, and your retirement lifestyle.

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