The need for retirement planning is increased by the uncertainties of

Question

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The need for retirement planning is increased by all of these uncertainties – inflation, social security benefits, the assets you hold, and your pension benefits. Inflation can erode the value of savings and investments, social security benefits may not be enough to sustain a comfortable lifestyle, the assets you hold may not provide the necessary income, and your pension benefits may not be enough or may be unreliable. Taking all of these into consideration is crucial in developing a successful retirement plan.

The Need for Retirement Planning Is Increased by the Uncertainties