Real Estate refers to property comprising of land and the buildings on it, along with its natural resources such as crops, minerals, or water. It also includes immovable property like homes, commercial spaces, and undeveloped land. The term can also encapsulate the business of buying, selling, or renting land, buildings, or housing, making it a crucial part of the economy in virtually every part of the world.

Retirement is a phase of life that typically begins after a person has ended their professional career, usually around a predetermined age. It is a period marked by the cessation of regular employment, often coinciding with the start of receiving benefits from social security or a personal retirement plan. This time is often characterized by a shift from earning income through work to utilizing saved resources for living expenses. Retirement provides individuals with the opportunity to enjoy leisure, pursue hobbies, and spend time with family and friends that their career may have previously limited.

Retirement planning is a financial strategy developed to allocate savings, investments, and other income sources to ensure financial stability during the post-employment phase of life. It involves determining retirement income goals and the actions necessary to achieve them, considering factors like desired retirement age, preferred lifestyle, medical expenses, and life expectancy. This process is crucial for individuals to maintain their standard of living and cater to their needs after they cease to earn a regular income.