Would you agree that the only person who can take care of the older person you will be someday is the younger person you are now?
Someday you will retire from your job. With that, the income from your job will cease. If you have insufficient savings then, you will suffer a drop in your standard of living. To avoid that, the only way out is to plan for your retirement before it arrives. Our life expectancy has increased over the years. Building up a comfortable nest egg that empowers you to take care of your financial needs during your golden years is critical.