Saving for retirement is an important thing to do. Without a solid nest egg, you might end up struggling financially once your career comes to an end and you're no longer collecting a steady paycheck.

It's especially important to save for retirement considering that Social Security might have to start implementing benefit cuts in a little over a year. And even if that doesn't happen, those benefits will only replace about 40% of the average-earner's pre-retirement wages. Most retirees need more income than that to live comfortably -- hence, the need to save.

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Source Fool.com