Retirement planning is essential for ensuring financial security during your later years. It allows you to maintain your desired lifestyle, cover expenses, and pursue your retirement goals. By starting early and saving consistently, you can build a nest egg to support yourself when you no longer have a regular income. Retirement planning helps mitigate the risk of outliving your savings and provides peace of mind knowing you’re prepared for the future. Additionally, it allows for tax-efficient wealth accumulation through retirement accounts and investments. Ultimately, effective retirement planning empowers you to enjoy a comfortable and fulfilling retirement.