One of the biggest mistakes people make is that they don’t prepare themselves for retirement. Making the right decisions regarding finances can assure people of the life they want after retiring. This is why they need to consider investing in the things that would offer positive returns. Let’s take a closer look at some of the more sound investments you can make.
 |
| Image source: cu.edu |
Cash
One of the more obvious investments is of course, money. Let me explain. When you consider retirement, think of it as a long-term business. Retirees should be able to live on their money for at least two years, if they have no income at all (although this is rarely the case). It’s very important to have a nest egg and emergency funds. It’s no secret that as we age, our health deteriorates. Having extra cash will certainly make a difference.
Bonds
Owners of bonds rake in interest over time, which can offer steady income over a period of time. Great bonds to invest in are treasury inflation protected securities, otherwise known as TIPS. These bonds handed out by the government adjust with inflation. With that in mind, you might want to put them in an account that isn’t taxed.
 |
| Image source: openclipart.org |
Real estate
Whether you’re retiring or not, real estate is always a great investment. It can be very lucrative because let’s face it, everybody’s looking for places to live, or for places to put up their businesses. Having a house, townhouse, condominium, apartment, or other spaces rented out also assures people that they’ll be busy during their retirement years, and they’ll have a lot of income.
Hello there. I am Steve Sorensen and I’m a CPA and business writer based in Colorado. For more business discussion, check out this blog.
No comments:
Post a Comment