Which of the following is typically NOT included in retirement planning?

The focus of retirement planning is primarily on preparing for one's financial needs and lifestyle during retirement. The correct answer indicates that comparing your net worth to others is not typically included in this planning process. Retirement planning is concerned with individual goals, income sources, savings strategies, and expense management specific to one’s retirement phase rather than benchmarking against others.

Setting up a savings account is an integral part of retirement planning as it helps individuals accumulate funds over time. Planning for expenses in retirement is crucial because understanding future costs—such as healthcare, housing, and daily living—improves the ability to save adequately. Addressing how to repay college loans may also be relevant for some individuals, particularly younger savers, as it impacts overall financial stability and could influence retirement savings capabilities, but it's not a core element of retirement planning.

Thus, focusing on personal financial goals and strategies rather than comparisons with others aligns more closely with effective retirement planning.