Retirement services refer to a range of financial products, advice, and support aimed at helping individuals plan and prepare for a financially secure retirement. These services are provided by financial institutions, retirement planning firms, and investment advisors to help individuals achieve their retirement goals and manage their finances during their post-employment years.

Here are some common retirement services:

1. Retirement Planning: Retirement planning services involve creating a comprehensive financial plan tailored to an individual's retirement goals, lifestyle preferences, risk tolerance, and expected expenses. It includes analyzing current financial situations, setting retirement objectives, and determining the savings and investment strategies required to achieve those goals.
2. Pension Plans: Some employers offer pension plans as part of their employee benefits. Pension plan services help individuals understand their pension benefits, make decisions regarding pension options, and optimize retirement income.
3. Retirement Savings Accounts: Retirement services include guidance on setting up and managing retirement savings accounts, such as Individual Retirement Accounts (IRAs) and 401(k) plans. Advisors help individuals select appropriate investment options and allocate assets based on their risk profile and time horizon.
4. Social Security Benefits Optimization: Retirement advisors assist individuals in maximizing their Social Security benefits by helping them understand the various claiming strategies and the best time to start receiving benefits.
5. Investment Management: Retirement services often include investment management solutions that align with an individual's retirement goals. This may involve diversifying investment portfolios, rebalancing assets, and optimizing returns while considering risk tolerance and income needs during retirement.