Retirement planning focuses on the client’s financial well-being after employment has stopped. It involves a comparison of the client’s expected lifestyle in retirement to their current retirement assets, planned savings and expected rates of return on investment. Retirement savings must be carefully monitored as circumstances change over time. Retirement planning is highly integrated with financial management and investment planning since it is highly dependent on the availability of cash to the client’s retirement goal and on the growth of retirement savings. It is also highly integrated with tax planning given the different tax treatment of various registered plans.