When it comes to preparing for retirement, many people rightly focus on shoring up their financial security by contributing to 401(k)s, IRAs, and other investment accounts.
With Social Security replacing only 40% of pre-retirement income, having sufficient investment income is critical to being able to maintain your standard of living after leaving work, so it comes as no surprise that saving enough money tops the list of things people think about as they prepare for their later years.
