Retirement planning is no easy task, which is why so many people spend years thinking about how best to manage their assets and income throughout their golden years. The other difficult characteristic about preparing to retire is that no two situations are exactly alike: People have different family dynamics, income sources, and comfort levels around risk.

Like most things in finance and in life, it's smart to make sure you get the basics right and control what you can control. Here, we'll review three of the most impactful steps you can take if you're preparing to move on from full-time work in 2024. 

Knowing how much goes out on a monthly basis is key to knowing if retirement is in the cards, and it's one of the core inputs to the 4% rule calculation. With this rule, you take your annual pre-tax spending and divide by 4% to arrive at the amount you'll need to have saved for a robust 30-year retirement.

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Source Fool.com