Creating a retirement income requires both saving and investing. Saving money from your paycheck is the first step. But simply saving money from your paycheck will not create a large enough nest egg. You must invest your contributions in order to create the size of nest egg needed to generate a meaningful retirement income.
Many people struggle with investing. It’s not exciting, it requires home work, and the risk of loss is intimidating.
But investing is vital in the process of creating your retirement income. A little bit of education will help you understand the basics of investing, so you can better invest your contributions.
Investing is not that difficult. There are a few basic concepts that you need to understand in order to be a successful investor.