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Investing has become increasingly important over the years as the future of social security benefits is uncertain.

People want to secure their futures, and they know that if they are dependent on social security benefits, and in some cases retirement plans, they can have a rude awakening when they run out of steady income. Investing is the answer to the unknowns of the future.

Perhaps you have saved money in a low-interest savings account over the years. Now you want the money to grow faster. Perhaps you have inherited money or experienced some other kind of windfall and need a way to make that money grow. Again, investing is the answer.

Investing is also a way to get the things you want, like a new home, college education for your children, or expensive “toys”. Of course, your financial goals determine what type of investment you make.

If you want or need to make a lot of money quickly, you are more interested in higher risk investments that will give you a higher return in less time. When you are saving for something in the distant future, such as retirement, you want to make safer investments that will grow over time.

The general purpose of investing is to create wealth and security over a period of time. It’s important to remember that you won’t always be able to make an income … you will want to retire at some point.

Nor can you rely on the social security system to do what you want it to do. As we’ve seen at Enron, you can’t necessarily rely on your company’s retirement plans either. Again, investing is the key to securing your own financial future, but you have to invest wisely!

Many people like to rely on 401K plans and other investments to supplement their retirement plans. This is good practice as social security may no longer exist after 2029. It’s never too early to start investing in stocks and bonds yourself. However, it is very important to speak to a qualified financial advisor before investing any money.

So, reach out to a financial advisor such as a qualified stockbroker and discuss your financial future with them.

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Source by Marc B. Entz