Cramer: Saving for Retirement? Don’t Put Your Money Here (Savings Bond Risks)
Saving for retirement? Mad Money host Jim Cramer explains why investing in savings bonds may not be such a lucrative idea. To develop real financial independence, Cramer says you need to make your money work for you.
If you’re under 50, Jim Cramer doesn’t think you have any business holding either Series EE US Savings Bonds or Series I US Savings Bonds in a retirement portfolio.
“Your investments must meaningfully grow your personal wealth so they can ultimately supplement your income later in life.” And although savings bonds are safe, “they fail miserably at helping you achieve this important objective,” Cramer said.
Here’s why…