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The Good Retirement Guide 2013, 27th Edition by Frances Kay

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Chapter Five

Investment

Money frees you from doing things you dislike. Since I dislike doing nearly everything, money is handy. GROUCHO MARX

Most people would agree that money is always useful. But over the past few years it has been hard to get a decent return on any savings or investments due to rock-bottom interest rates and rising inflation. Some experts predict that interest rates will remain low for another year at least, and no one really expects them to rise significantly for some years. This is not good news for people relying on their savings to provide an income in retirement.

Last year, while we celebrated HM The Queen’s Diamond Jubilee, we might have tried to remember what £100 would have purchased in 1952, compared to 2012. There ...

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