Retirement planning is an essential part of your financial health. In order to plan for a peaceful retirement, here are five major factors that you must take into account: i. Retirement Corpus : Determine after retirement expenses to build a corpus that can keep up with the inflation as well as your lifestyle expenses. ii. Understand your Risk Appetite: Before investing in any financial product or buying the best retirement plan, assess your risk appetite and invest accordingly.iii. Clear the Debts: Try not to get into unnecessary debt and steer clear the debt mountain to have a financially independent retired life.iv. Source of Income: You must have a regular and steady source of income when you retire as it will help you to manage your everyday expenses. v. Tax Benefits: Look for retirement plans that offer tax benefits. Life insurance cum savings plan can be used for building retirement corpus and they offer tax benefits as well.