Why Do We Need To Plan For Retirement? 
Social Security does not provide enough income to live comfortably during your retirement years . That is why we need to plan for retirement . By planning far enough in advance , you can save money and create income streams during retirement to supplement Social Security income . You can buy insurance to pay for long term care costs -LRB- including home health care -RRB- and funeral expenses so that you will not be a burden to your family . People are living longer and spending more years in retirement . Without planning , those years may be more stressful and less enjoyable than they could be . 