Retirement strategies are plans designed to help individuals save and invest money for their future when they stop working. Common strategies include contributing to retirement accounts like 401(k)s or IRAs, which offer tax advantages. It's important to assess your financial goals, risk tolerance, and time horizon to choose the right investment mix. Another key aspect of retirement strategies is creating a budget that accounts for living expenses, healthcare, and leisure activities. Many people also consider diversifying their investments across different asset classes, such as stocks, bonds, and real estate, to reduce risk and enhance potential returns during retirement.