Retiring in Paradise: 5 Investments to Make for Retirement

Sunday, October 15, 2017, 6:00 PM | Leave Comment

Everyone wishes to enjoy a happy and comfortable retirement after working hard during the prime years of their lives. However, a financially secure retirement does not come easy; it takes a lot of planning and sacrifice to ensure that your retirement years will go smoothly.

Here are some of the best and safest investments you can consider as you prepare and plan for retirement.

  1. Buy an Annuity

    Annuities are contracts under which the policy holder invests capital through an insurance company. In exchange, you or your beneficiaries will receive payments from the insurance company at regular intervals. You may choose to have the payments start immediately after you buy an annuity or have them deferred until such a time that you retire.

  2. A Mix of Stocks and Bonds

    Stocks and bonds make for low-risk investments that, if managed properly, can help you achieve your retirement goals. When it comes to stocks, return on investment will be in the form of both dividends and capital gains. Bonds are a safer option that will earn you interest over a specified period of time. On maturity, the principal amount loaned to the government will be returned to you.

  3. Mutual Funds

    Mutual funds are basically portfolios of stocks and bonds that are professionally managed. Mutual funds are designed to ensure that there is a balance between growth and risk so that investors can achieve high growth. The options you go for will greatly depend on your risk profile.

  4. Rental Property

    Buying rental property can be a great way to enjoy a stable source of income. Although you will incur costs relating to repairs, maintenance and taxes, this is a long term investment that will pay off in your golden years. However, before investing in real estate, you should do your homework and work with a reliable real estate agent. Visiting websites for realtors like North Captiva Realty Inc. will help you understand the benefits of working with a professional agent.

  5. Other Safe Investments

    Since you will not want to gamble with your financial future, you should consider keeping part of your money in safer investments. Some of the options you may consider include fixed deposit accounts, money market accounts and savings accounts.

It is understandable why maintaining sufficient financial resources to ensure a comfortable retirement has become a constant struggle for many people. The good news is that you can distribute your income among several of these options to increase the chances of success. You may also seek expert financial advice on the most suitable investment options for you.

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