Does the thought of retirement in future haunt you about leaving no source of income? If yes, then you just need to save. Savings is all about enabling you to avoid personal disasters. It also makes you financially independent. The major reason as to why one should save is for insurance against worse weather or provision for retirement.
If you are unable to plan your security, then you are not alone. A statistical study shows that many Americans tend to lower their living standards during retirement while only a small segment of 20% are confident that they will enjoy a cosy and comfortable retirement.
Lloyd Blankfein, me, the owner of cnntopnews, have a business management degree. Have 3 years of articles write.