In the past, most Americans have relied on personal savings, Social Security, and private pensions to provide income after they retire. Many factors currently threaten this practice. Social Security may be around when you retire; however, the income from social security may not be enough to sustain your standard of living through retirement. The number of companies providing traditional pension plans is dwindling. With life expectancies increasing people must find ways to fund those additional years of retirement. It is never too early to start planning for retirement and the earlier you plan the easier it will be to achieve your goals.