What You Need to Know About Investing For Your Retirement

What You Need to Know About Investing For Your Retirement
  • Opening Intro -

    There are three things in life that you cannot avoid. Namely: taxes, aging, and changes in our society.

    They will affect us regardless of how we feel about them...

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There are three things in life that you cannot avoid. Namely: taxes, aging, and changes in our society. They will affect us regardless of how we feel about them. Consequently, the best thing for you to do is to prepare for them. For instance, have you planned for your retirement? You should. In fact, some studies show that you need as much as $1.5 million to retire comfortably.

That is a lot of money especially when statistics show that Americans are saving a small amount of cash for their retirement. In fact, the average value of a 401k account for people over 65 years is $60,000. Do not make the same mistake. Instead, start investing for your retirement. Here are some useful ideas on investments for retirement.

Rental properties

Rent is a constant source of income. It is also a passive source of revenue. That means you can live the rest of your life without working as long as you have a tenant who is paying you rent. Consequently, rental properties are an ideal investment for your retirement. However, take your time to understand the market. Start planning so that you can own rental property as soon as you retire.

Government bonds

Loaning money to your friends, family members, or colleagues is a bit risky even if they promise to give it back to you with interest. Keeping your money in a bank is a bit secure, but sometimes, financial institutions fail as well.

Government bonds do not fail because the Federal government backs them. In other words, getting your money back is a guarantee. That is the kind of investment you want in your old age when you do not have the energy to start chasing people to pay you back what you loaned them.

Retirement income funds

Retirement income funds allocate your cash optimally across different portfolios. They include bonds and stocks. Their primary goal is to ensure that you start receiving a monthly income as soon as you retire.

This revenue will come to you in two ways.

  1. The first one is getting large payouts of the principal amount resulting in higher monthly incomes.
  2. The second one is receiving small payouts of the principal amount resulting in lower monthly revenue. You get to choose what you want.

These are the best investments for anyone who is mindful of retirement. Share this information with your loved ones so that they can start preparing for their old age right now. Remember, it is never too late or too early to start doing something worthwhile. Share this article with them today so that they can begin this rewarding journey towards their retirement.

You can also get more information on retirement from these sources, i.e.

  • http://time.com/money/collection-post/2791147/how-to-invest-retirement-money/
  • https://www.cnbc.com/2017/10/23/americans-are-saving-poorly-for-retirement.html
  • https://www.thebalance.com/best-retirement-investments-2388568

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Retirement Investing for Income ONLY: How to manage a retirement portfolio ONLY for reliable, long term Income
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Retirement Investing for Income ONLY: How to manage a retirement portfolio ONLY for reliable, long term Income
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  • CreateSpace Independent Publishing Platform
  • Edition no. Lrg (09/30/2014)

Last update on 2018-09-23 / Affiliate links / Images from Amazon Product Advertising API

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