7 Ways to Ensure You Never Have Enough Money to Retire

2. Being too ‘safe’ with your savings

Monkey Business Images / Shutterstock.com
Monkey Business Images / Shutterstock.com

Stashing retirement cash in a savings account or money market account sounds safe. And it does avoid the risks of the stock market. But it invites risk from another source: inflation.

If prices soar, your expenses might quickly swamp your savings.

So, as you approach retirement — and even after you’ve actually given up working — at least some of your money should be in the stock market or real estate investments. Otherwise, there is a good chance that cash is losing value.

Check out “9 Tips for Sane, Successful Stock Investing” for more ideas on growing your money.

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