It is vitally important to save for your retirement. Contrary to what many think, retirement can become a time when one gets to do things that one never had a chance to do in the course of one's working life. For example, one can choose to travel, learn new hobbies, start a small business or engage in charitable work. Therefore, it is beneficial to build as strong a financial foundation as possible for one's retirement.

It is never too early to start thinking about your retirement. With the advancements in healthcare and quality of life, average life expectancy has increased. Hence, making plans for those days once you pass the age of retirement is vital.

How much one needs to save for retirement differs from person to person. It all boils down to what you really want to do, what kind of lifestyle do you wish to live, and what activities you want to lead. What is most important is to start saving for one's retirement right now.

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