It's never too late to start saving for retirement!

If you’re looking for the essential easy-to-understand basics of starting to save for retirement, you’ve come to the right place. Your future self will thank you for saving for retirement, since it will substantially increase your financial security and independence in your retirement years. You’ll also build a financial resource you can tap if you have a financial emergency.

Let’s look at the answers to some common questions about saving for retirement.

Anybody who relies on income from working should save for retirement. Most people will find that it’s inevitable that you’ll reach an age when you’re no longer able to work for income or you no longer want to work. At that time, you’ll need to piece together sources of retirement income to replace your work paycheck. You can use your retirement savings to generate a lifetime retirement paycheck that will supplement any other retirement paycheck you might receive, such as Social Security.

The only people who might not need to save for retirement are those who are independently wealthy with enough money to be sufficient to pay for their........

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