Every one should make their contingency plan for their old age. Because you cannot enjoy the golden age if you don’t have proper saving and investment planning. The old age will be burden for you f you don’t have proper contingency plan. Retirement and old age is for enjoyment and to relax in the last stage of your life.
Whole life you might be struggling to make your career, your family and you children, their education and marriage. But the golden age is only for you where you will get enough of your time which you can for yourself.
But to maintain the same standard of living, taking care of all your financial issues, handling your health care’s issues etc ,you need to have a proper contingency plan.