Nearly Two-Thirds of Pre-Retirees Share This Major Financial Concern
Retirement is a scary prospect given the financial unknowns involved. You might think you're saving enough for your senior years, only to realize that healthcare costs more than anticipated, or that despite having paid off your mortgage, you're looking at thousands of dollars each year in property taxes, maintenance, and home repairs.
It's for this reason that workers are encouraged to save diligently for the future. You'll often hear you should be socking away 15% to 20% of your earnings in a 401(k) or IRA, and that's good advice.
But here's the problem with setting funds aside for retirement and calling it day: If you don't invest that money in a manner that generates decent growth, the value of your savings will erode over time. We can thank inflation for that.
Source Fool.com
