Retirement planning is a process in which individuals set goals for their retirement and plan accordingly to fulfill those goals. By way of retirement planning, eventual retirees can ensure preparedness in all aspects of retirement. In the end, the hopeful result is that retirees are completely ready for their retirement. For consumers, beginning retirement planning can be the most difficult step in this undertaking. To begin, a foundation for planning must be established with the setup of goals for retirement. After goals have been set, individuals will need to plan financially to accomplish said goals. In order for retirement planning to be successful, the financial aspect is of the utmost importance. If not financially prepared, individuals place themselves in danger of credit issues or losing assets. The most common source of financial resources for retirement stem from 401k plans, IRAs, and social security.