Inflation being what it is, the amount of money we are saving for retirement may not be sufficient to sustain our daily living when the time comes. Investing money wisely to protect the purchasing power is no longer an option but a necessity.
With bank rates at what they are, a diversified investment portfolio that includes gold investment and annuity rates fixed income accounts are two better options for retirement. From what I see, rates offered on annuity accounts are twice as good as rates offered by banks and there are many different types of income annuities, one to suit every need. Investing in gold is another sure way to combat the negative forces of inflation.