Retirement is something that most people look forward to. The chance to take a break, to have all the time for yourself, to enjoy life after many years of hard work is indeed a very inviting prospect. However, financial instability makes the future of retirement a little bleak.

The Bleak Reality of Retirement

For many retirees, having an investment and savings can make a big difference when retirement arrives. In fact, recent surveys show that retirees today are only counting on their personal savings for support. Although the government gives Social Security, not all companies or employers provide traditional pensions for their employees. According to the Boston College Center for Retirement Research, in 2003 there were only 19% of workers who have traditional pensions to support them. This percentage continues to decline as more and more employers cut back pension plans for their employees.

Faced with this reality, it is clearly important to make the necessary preparations early in life to have reliable personal savings in the future. Investing in insurance, dividend-paying (more…)

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