We have been hearing that we need to save for retirement. What you would have never realized is that there is a large difference between investment towards retirement and saving for retirement years.
Traditional savings which may be in the form of deposit certificates, accounts in banks or bonds are duly given protection by Federal Deposit Insurance Corporation or by indemnification from government. As you may know, you first pay taxes on your money before it moves to your saving account. Many of the people think of money they save for retirement years as savings but actually they are investments and need to be managed with expertise.
Traditional savings which may be in the form of deposit certificates, accounts in banks or bonds are duly given protection by Federal Deposit Insurance Corporation or by indemnification from government. As you may know, you first pay taxes on your money before it moves to your saving account. Many of the people think of money they save for retirement years as savings but actually they are investments and need to be managed with expertise.
