Saving for retirement is a start, but find out why investing may be the only way to have enough money to retire comfortably, or even at all. You are saving regularly and even have it all automated. Yay! But when it comes to planning for your post-work life, saving for retirement isn’t enough. You need to invest.nest with eggs and text overlay - Saving For Retirement Isn't Enough: Why You Need to Invest
Take heart. If you aren’t already investing, you aren’t alone. Before the crash in 2008, almost 65% of adults were investing. The crash was scary and frustrating and drove people out of the market. A recent Gallup poll shows that now only about half, or 52%, of Americans invest in the stock market. This includes stock, mutual funds or self-directed retirement plan such as an IRA or 401(k) plan. Those numbers aren’t great. More worrisome is that only 38% of millennials are investing.
If you are investing, pat yourself on the back. Why?
The only realistic way to save enough money for retirement is through investing. It is no wonder that people question whether millennials will ever be able to retire.
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