Definitely everyone will become old at a given stage of life. Being old is the best thing ever; however the most important thing is how you plan for the old age. Majority of the people save in mutual funds and other schemes created by the government and financial entities. Saving for retirement is one of the best ideas one can buy, although there is one important thing which is better than saving and that is investing. Investing is simply making money work for you and get returns over a period of time. Saving on the other hand is the safe keeping of funds for use at a particular time. Saving is good but saving and investing is better. Therefore below are some of the recommended investment options for retirement.
Top recommended…
- Investing in Bonds
You can decide to either loan the government or a company. The best thing with investing in bonds is that once the money loaned out matures, it is paid back with a certain interest and this creates a steady flow of cash. The duration in which the bonds mature is varied. There are short term, Mid-term and long term bonds. It therefore enables an investor to choose the type of bond to invest in.The return from bonds can be therefore used as source of retirement income.
- Real Estate
Investing in real estate does not necessarily mean buying land as some have always known. It simply refers to either buying a property that has either been developed or not. It can also involve renting out a property and getting back some returns. One can also invest in a real estate investment trust. That is where professionals are entrusted with the management of a property. They majorly do that by collecting rental fee on behalf of the investor then deduct their fee and pay the remaining amount to the investor.
- Investing for dividends
This can be done by buying stock from a company and keeping them for some time. When the company makes profit, it shares part of its returns with the shareholders. Dividends provides steady source of cash flow and especially if a company increases the percentage of sharing
- Saving in high interest accounts
Banks have accounts that yield interest over time.
What you have to do…
You only have to visit your bank and enquire more about their interest yielding accounts and start investing in such accounts. That will enable you to have a better retirement portfolio.
- Starting a business
Owning a business is a very great investment idea that one should not leave out. Majority of the 10% people who control 90% of the money are involved in one or two businesses. A business can be either online or physical. Therefore, investing in a business for retirement is also a very recommendable option.
Therefore….
You should consider changing from saving for retirement to investing for retirement since it is the best option for an old age.
THE BRIDGE 
Very wise ideas broo..
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