Friday, January 17, 2014

A Solid Savings Account is No Guarantee


Are you one of the many people in the United States who believes that you can do without investment services? All too often, people take saving for the future into their own hands. They simply squirrel away as much cash as they possibly can, believing that they will be able to draw on that money later in life. While saving money is always smart, there’s one thing you need to know and understand: the money you’re saving now might not have nearly as much value in the future.

See, in America, there’s this little thing called inflation, and inflation means that the value of the dollar decreases over time. So, if you’ve saved a few thousand dollars (or even a few hundred thousand dollars!), you might think you’re all set. In truth, though, your money might not amount to much in the years to come.

The way to get around inflation is to make smart investments, investments that aren’t just cash and that will carry you through no matter what the future holds. To start making smart investments like these, contact Platinum Financial Associates of Naperville; you’ll be glad you did

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