Best Ways to Invest retirement money

Putting your money in a savings account is one of the safest investments because you can withdraw it anytime and get interest benefit on the lump sum amount. Choose the right saving account that pays an interest rate that beats inflation. Fix deposit your money or select the types of savings plan according to your needs.

Investing in property is one of the best ways to take complete advantage of your investment because property prices go up every year and you can make a lot of money by renting it out. Depending on the lump sum amount that you have at hand, buy a commercial or residential property and rent it out. If you don’t own a house yet and want t secure your future, buy a duplex where you could live in one portion and rent out the other to deal with monthly expenses.

Treasury bonds are less risker as compared to corporate bonds but they also pay less interest rates. Bonds are a low-risk investment because the corporation is legally required to pay the principal amount to the bondholder when bankruptcy is declared. Interest payments cannot be skipped and are fixed which makes bonds and treasury bills a good addition to your investment portfolio when retiring.

The most ubiquitous investment for retirees is an IRA or Roth IRA account that invests your principal in the stock market. You can choose the degree of risks and return on investment by investing in bonds and stocks. Your investment portfolio will be divided by 70/30 if you invested 70% of your funds in stocks and the remaining 30% in bonds. Talk to your financial advisors to select the right portfolio which manages risk and also presents you with an investment option that allows you to get the maximum benefit.