Final answer:
Retirement planning involves long-term investments like stocks, bonds, savings accounts, and annuities, requiring a balance between risk and return.
Explanation:
Preparing for retirement is a long-term investment that requires careful planning and consideration of risk and return. Different options such as stocks, bonds, savings accounts, and annuities offer varying degrees of risk and return, allowing individuals to tailor their retirement savings strategy to their needs and goals.
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