Financial planning is important for the later years. As a person gets older they tend to need more medical care due to the illnesses and accidents they encounter. The cost of healthcare is extremely expensive especially to an elderly person who is on a limited budget. My grandparents saved a lot of money during their working years. My grandfather also worked for the same company his entire working life and received a good retirement package. My grandparents are always cutting coupons and looking for deals when it comes to saving money. The have encountered some health issues which was costly to them. Companies don’t take care of their people with benefits like they used to. Social security is supposed to be gone once my age group retires. With that being said, I’m not sure how my generation is going to survive once we retire. It shows how important it is to start saving at an early age in order to live a comfortable retirement. I would like to travel and enjoy my last years of life rather than be struggling financially.
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