Life Security!

People want to get a job to achieve financial independence and at the same time also security for the future.People should think more about the future than the current age as according to me old age is more important and miserable in several respect.People need more help and that requires more money.When you are young body can take all kinds of hardship,but as body ages it needs more pampering.

Therefore one of the important economical planing should be to calculate enough saving to live a carefree life once you retire.This is a safe strategy to keep in mind.The maximum age at which you retire is 65 and most likely your life expectancy will be 80-85 considering the fact that you live in the U.S and have better medical care .

All the above is right.However you cant get a sleepless night just because you think that you have saved enough money to live carefree after retirement.The value of money is going to keep decreasing day by day.The very well known fact of "Inflation" is mind wrenching.The amount of money which you think will be enough after your retirement now wont be enough 20 years from now.Even if you buy the same things your estimated savings done at the age of 65 wont be enough at the age of 80 .With the increasing oil and food prices ,your estimated savings will just be blown away in few years.

Isn't this spooky.Life will already be hard because of aging and God forbid if you get any kind of major illness then all the saving for the retirement will be gone before we even relize.