The Art of Finding the Best Retirement Investments

Most people either don’t intend to, or don’t like the idea of having to, work for the rest of their lives. Many people look to a time particularly in their late 60s to early 70s where they can stop working and enjoy some well deserved time off. However, in order to do this, a person will need to begin saving so that they can afford to stop working. This naturally leads people to looking at retirement-based investments in order to save the money necessary to be able to afford to stop working. This begs the question, what are the best retirement investments that a person can make?

There are plenty of different opinions on retirement investments, but perhaps some of the simplest investments are things that virtually anyone can purchase. For example, buying an annuity is an excellent way to invest for retirement. Annuities can come in the form of an IRA, a mutual fund or even permanent life insurance. These types of investments shelter money from taxes, offer good returns on investment, even for smaller annual contributions, and, in the case of permanent life insurance, over funded policies can provide considerable amounts of tax-free cash for a person to live on during their retirement.

Another way is to develop an investment portfolio. A person doesn’t have to be extremely wealthy to have a well diversified portfolio, especially if they start this early. Investing in stocks, bonds, real estate, precious metals and other types of commodities can be done even on the smallest of investment budgets. In addition to having a well diversified portfolio, a person will need to make sure that the portfolio is managed by a professional. Fortunately, there are many brokerage houses that offer management services for a much lower price than an investor could of just 15 to 20 years ago.

The bottom line is that these things barely scratch the surface when it comes to retirement investments. There are a wealth of different investments that are open, not just to wealthy investors, but for those people who earn average incomes as well. However, if you want to retire with a certain amount of financial security, it’s best to speak with an expert to come up with a plan and to purchase the best investments that will leave you financially secure and able to enjoy a well-deserved retirement.