We all hope to retire some day. The thought of being able to do what you want with your life without having to worry about having the money to pay the bills is the very essence of financial freedom.

But figuring out the path to get there is often the hard part. Where (and how) do you start? When should you start (and what if you're starting later in life)? To answer these questions, I talk with certified financial planner Stephen Kates on how you should lay out your retirement plan.

In this episode you will learn:

- Where to start putting together your plan - The most common mistakes people make - How risk tolerance affects your plan - How to diversify your investments