Why Saving Is More Important Than Investing

HERE'S A SOBERING thought: MuchâÂ?Â?and perhaps mostâÂ?Â?of the money you'll accumulate for retirement will reflect the raw dollars you sock away and not the investment returns you earn.Consider a simple example. Let's say retirement is 40 years away and your goal is to quit with $1 million. Let's also assume you can earn an after-inflation real annual return of 4%, which is my best guess for the long-run return on a globally diversified,