Why Is It Good To Save For Retirement? 
Seriously ? If you are Warren Buffet or Bill Gates or some other super rich person then you probably have no realistic reason to save for retirement . If , however , you are like the 99 % of other people in the world then unless your plan is to commit suicide after your last day at work you need to be thinking about how you are going to afford to live for the years and perhaps decades after you stop working . Social Security retirement benefits are highly unlikely to come close to replacing your income during your working years and Social Security was never intended to be a person 's sole source of retirement income . In addition , the financial viability of Social Security itself is being seriously questioned so it may not be there in the amount you would have expected and in the worst case scenario may not be there for you at all . For this reason a person needs to be saving money and investing it over the course of their working life in order to build up a financial nest egg for their retirement years . When you retire from your job your working income will cease , your expenses will not . 