You’ll often hear that it’s essential to save consistently for retirement because you’ll need the money to cover your living expenses. And when we think about the costs seniors face, from housing to health care, it’s easy to see why.
Not only must you save sufficiently for retirement, but you should also invest your savings in a manner that generates solid growth. The reason? Inflation has the potential to erode your buying power over time. Still, if your investments generate a high-enough return, you can outpace inflation and wind up with enough money to cover all of your senior living expenses and then some.
You may be eager to include this digital currency in your long-term retirement strategy, especially if the rumors are true that Social Security may fizzle out when you retire. But is it really a safer bet?
Top Headlines you should have on your radar this week:
- Three growth stocks that are selling for great prices right now
- Planning for retirement assets in your estate plan
- Ten ways the proposed law could change retirement savings
- These strategies can reduce the taxes you will pay on retirement accounts
- Retirement balances for these accounts are hitting record levels
- Stocks are falling; should you keep buying?