Why Investing in the Stock Market -- Even During a Recession -- Is the Best Way to Boost Your Retirement Savings
Investing in the stock market can be intimidating even when the economy is strong, but investing during periods of volatility can be even more nerve-wracking.
Because investing always carries a certain amount of risk, many people shy away from it. In fact, nearly 44% of baby boomers say that right now is not the best time to invest in the stock market, according to a survey from Personal Capital.
However, retirement can be incredibly expensive, and it's tough to save as much as you need without investing. The average worker estimates retirement will cost around $1.7 million, a survey from Charles Schwab found, and unless you have loads of spare cash to set aside for retirement, it will be challenging to reach that goal by stashing your money in a savings account.
Source Fool.com
