Why Should I Plan For Retirement? 
Some reasons that you should plan for retirement are : 1 -RRB- Social Security , Medicare , and pension plans are all facing uncertain times . If you do not make plans for income besides Social Security , you could find yourself in dire financial straits . 2 -RRB- You never know if you will have unforeseen expenses , such as illness or injury to yourself or a loved one . 3 -RRB- If you do n't make conscious choices with your money , it tends to slip away . Planning for retirement harnesses some of your income so that it can meet critical needs later in life . 