Recent surveys show that over 60% of pre-retirees feel most comfortable with the knowledge that they’ll never outlive their income. Do your current investments offer you peace of mind like this?
With interest rates stubbornly stuck at historic lows, many savers and investors find themselves caught in a catch-22 situation with investment choices that on the one hand offer either poor results, or on the other hand offer uncertain results.
For safety and short term needs many people leave money in bank accounts, and invest in GICs and term-deposits. Savings in these types of savings are safe, but growing at a rate that is barely keeping up with inflation. In many cases savings may not be growing fast enough to meet their longer – term financial goals.
Others place hope for better growth on their investment savings in volatile markets that don’t guarantee gains, and may actually lose value by…
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