Want to Retire in Comfort? You'll Need to Take Some Risks

When you're investing your hard-earned money for retirement, the last thing you want is to lose the money intended to provide for your future. Fear of investment losses may prompt you to consider parking your cash in "safe" investments, like certificates of deposit or government bonds carrying an AAA rating. While these investments provide a low rate of return, you may assume you're better off in the long-run by investing where the chances of loss are low and where returns are at least guaranteed.

Unfortunately, by taking the safe road, you could cost yourself the chance at financial security. If you aren't willing to take risks -- especially when you're younger and have time to weather market downturns -- your investments could earn so little it becomes virtually impossible to build a solid nest egg unless you invest a fortune.

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Source: Fool.com