The following are key activities that an investor should consider when preparing for retirement planning:

1. Select a target date for when you want to retire.
2. Calculate how much money you need to accumulate by the time you want to retire.
3. Determine your Social Security Benefits.
4. Don't touch your savings!
5. If your employer doesn't have a pension or retirement plan, ask that one be started.
6. Maximize your use of tax-advantaged plans, such as employer retirement plans, individual retirement accounts and annuities.
7. Diversify your assets.
8. Ask questions. Get help. Seek the assistance of a professional financial advisor.
9. Start now, set goals.
10. Monitor your retirement plan's progress, making adjustments as needed.