If it’s one thing I’ve learned in the past couple of decades, is that there really is no such thing as financial security. So many of my elderly relatives went to work for companies that had absolutely no retirement plan whatsoever, and now that they have retired they are dismayed to learn that they can’t survive on Social Security alone. That is why my wife and I have started to get involved in saving our money in various ways in preparation for retirement.
To start out with, we each have IRA Accounts that we try to contribute to every year. That’s a lot harder to do than you can imagine! My wife has learned a little bit about Stock Trading and takes advantage of the companies that you can buy stocks from directly and then reinvest the dividends from them. She’s bought into a few companies using Online Trading services as well. We don’t have much money to invest, but we are trying hard to divest it so that we don’t have all of our eggs in one basket.