Why save for retirement?
It’s never too early to plan your retirement, even though you’ve got financial demands right now that make it hard to think about the future. And with news reports indicating many Americans keep working long past what used to be considered retirement age, you might wonder if it’s worth it to save for retirement at all. It’s important that you take control of your retirement savings as early as you can because programs that used to guarantee funded retirement like pensions and Social Security are becoming less available or certain with each passing year. Even if you plan to work for the rest of your life, retirement accounts are an important part of your future. You may run into age-related health issues, a recession that results in massive lay-offs or any number of future events that will lead you to rely on your own savings to live. If you can save, why wouldn’t you?