The declining value of money as it affects future retirees
Having owned an employment agency for twenty years, Linda Miller thought she was well-off enough to retire four years ago, and she did. Now, she’s back at work selling Avon cosmetics. Why? “All the money is going for gas and groceries,” she laments.
When people think of retirement investments, gold rarely crosses their minds. After all, gold doesn’t provide any income, and the whole purpose of saving for retirement is to replace the income shortfall when you’re not working any more. To be sure, gold makes little sense for those who are already retired, and are seeking an …