The 3 R’s of retirement are:1.Retirement Planning– It involves setting aside a portion of your income through your working years so you have enough to support you once you retire.2.Regular Income– Once you retire, you should have the means to get a regular stream of income. For example, purchasing a pension plan or annuity helps you enjoy a regular income to cover your daily expenses and maintain your standard of living.3.Risk Management– Once you retire, you must manage and mitigate risks as far as possible. You can invest in low-risk investment instruments that provide steady returns to combat the impact of inflation on your savings.