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Having a retirement nest egg is important because it will ensure that you can still live comfortably even if you are no longer working, and that you won’t be a financial burden to your family in your old age. In addition, it will be a financial safety net for you should you fall ill, which is not impossible at all as senescence does take its toll on the body. Also, having a nest egg will ensure that you have a source of income during your retirement, eliminating the need to liquidate assets, like the piece of land you inherited from your parents which you would like to pass on to your children, just to pay for your needs.

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