Are you wondering how much you need to save monthly to prepare for your retirement?Have you thought about what else you can do to secure your future aside from contributing to your 401k?Do you want to know how to build different sources of passive income so you can live comfortably later in life?As you get closer and closer to your retirement, it’s normal to have concerns about how ready you are for it. You may be worried that your pension might not be enough for you to live a decent life when you retire.You might be considering the possibility that you may not be able to retire when you want because you can’t afford to. Maybe you haven’t even begun to save for retirement and have absolutely no idea where to start.If you’re feeling clueless, confused, and concerned about your upcoming retirement, you’re not alone. According to Northwestern Mutual’s Planning and Progress Study, 56 percent of Americans don’t know how much they need to retire, and as a result, many are vastly unprepared for it. Fortunately, there’s still time for you to prepare for a fruitful and comfortable retirement…and all it takes is a bit of planning. As Benjamin Franklin once said, “If you fail to plan, you are planning to fail.”Retirement planning is not just about creating your employer-funded pension plan. It’s a multifaceted approach that involves saving, investing, lowering expenses, minimizing taxes, and more. This guide will give you detailed steps and strategies to plan for your retirement. And don’t worry, it’s not complicated at all.