This is why Elon Musk thinks you shouldn’t save for retirement

Americans go to great lengths to ensure they are financially set for their later years. But if you’re asking Elon Musk, you really needn’t bother. According to the world’s richest man, whose net worth is estimated at well over $700 billion, saving for retirement will soon be obsolete.

Musk aired this view on a recent episode of the Moonshots With Peter Diamandis podcast. Musk let listeners in on his vision of our financial future, a world where technology, specifically artificial intelligence...