Why Is Financial Planning for Retirement Vitally Important

Why is financial planning for retirement vitally important?

A) You can expect to live in retirement for many years.
B) Social Security and your private pension may be insufficient to cover the cost of living.
C) Inflation may diminish the purchasing power of your retirement savings.
D) Knowing that you are financially prepared for retirement gives you peace of mind.
E) All of the listed factors are vitally important.

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