Retirement - Why You Should Still Invest While in Retirement
Retirement - Why You Should Still Invest While in Retirement
If you retire when you're sixty years old, you could very well still live another forty years. While you have hopefully saved for this time with that in mind, you can never really have too much money. You should still invest while in retirement for a number of reasons. Some of these reasons include that you can never have too much money, that inflation between the time you're sixty and the time you're a hundred years old shouldn't be underestimated, and because you simply want to make your money work for you.
While you've hopefully planned well enough that you currently have enough funds to live until you're a hundred years old, and live comfortably, it's not as though more money would be a bad thing. Unless you're still working and earning money in retirement, investing is our only real money earning method. Do it!
Over the time you're retired inflation will still be an issue. In it's simplest terms, today a candy bar may cost a dollar, but by the time you're a hundred it may cost five. Investing is a good way to grow your savings and have it keep up with this inflation over the years that you're retired.
The other factor is that you just want to make your money work for you. You have all this savings that you're trying not to touch right now because you're going to need it in years to come, why just let it sit there? Invest it, make it grow, and be sure you'll always have enough money to take a cruise or help your family or buy you that five dollar candy bar. You have this resource to help you contribute to grow your savings, why not take advantage of it.
Just because you're retired doesn't mean your life is over, and your finances are a part of your life. Keep your investments growing, but don't let them be the center of your life.
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