You’ll often hear about how important it is to save for retirement.
After all, Social Security alone won’t cover all of your bills
And if you want a comfortable lifestyle once you stop working, you’ll need savings to supplement those monthly checks. But saving for retirement isn’t enough. Inflation can reduce the value of money over time, which is why it’s important to invest your nest egg so it grows between now and when you wrap up your career.
Of course, investing carries risk. Even strong companies can see their stock value decline, which is why diversification is so important. Building a truly diversified portfolio on your own isn’t easy, though.