Before retirement, when you are still working, you feel safe and secure, because you know your paycheck is coming at the end of the month. It is certain that you will be paid for the services you offer to the company, but those days will come to an end soon.
Unless you have your own business that is thriving, you cannot continue to live a high-maintenance standard later in your life. If you are providing your services to a company, or in other words, if you have a job, then there is a predefined age after which you have to retire and thus begin the life of no income.
Saving for retirement is easy. All you need to do is keep aside a part of your income, and maybe even your savings (preferably a major part), and keep that in a separate bank account so it is never spent or wasted. That will ensure its safety till you are in need of it.
There are many plans and account systems in almost every other bank in the US today that are dedicated to making retirement savings an easy and unburdening task. Just go to your bank and ask about their schemes and start today.
Why is it important for everyone to save for retirement?
We never know when we might be in dire need of money. It may be a medical or familial emergency, and being prepared is always good, so saving even when you have no steady stream of income is essential.