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retirement plans play a key role in making a company competitive in the marketplace because they help the employer to attract and retain employees.

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Offering a tax-advantaged retirement plan to employees has two primary advantages: attraction and retention.

What do you mean by Retirement planning?

It refers to the distribution of savings or revenue towards retirement in a financial setting. Retirement planning is to achieve financial independence.

As a result, financial consultants frequently advise retirees to have a source of income that provides approximately 70% of their salary while working in order to live comfortably after retirement.

To learn more about Retirement planning

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