Financial Planning is a comprehensive plan for your finances and includes all aspects of your financial life. Examples: saving for college, buying a home, starting a business, etc.
Retirement planning is a subset of financial planning – retirement planning is specific to the preparation one makes to provide income from investments at retirement, it considers the amount saved each month and which savings vehicles are used. Risk tolerance is also a big factor to be considered with retirement planning. A Financial Advisor can also guide you with respect to how your risk tolerance and investment strategy might morph over time as you approach retirement age and/or leave the work force to launch into full-time retirement.