Retirement is a phenomenon of contemporary, industrialized nations. Retirement, which may be either voluntary or forced, generally refers to that phase in life when full-time, paid employment ceases. Depending on individual circumstances, it may be viewed as either a positive or negative event. Retirement planning and preparation are key factors in developing favorable attitudes toward retirement. Demographic, economic, and social changes which will have an effect on retirement in the future include an increase in the number of elderly, an increase in life expectancy, the need for elderly persons to earn money, and the changing work and career roles of women. Retirement planning refers to those activities which help individuals make decisions about their retirement. Areas of concern which are covered in retirement preparation programs include: finance, interpersonal relationships, self-concept, physical changes, and life-style changes. Potential benefits of retirement planning include: a better understanding of normal changes which occur as a result of aging and retirement, interpersonal communication skills and a feeling of control over the future, a personal plan for retirement, a positive attitude, and successful adjustment. This document includes a five-item bibliography of references, two of which are available from the Educational Resources Information Center (ERIC) system. (DC)