Wednesday, September 26, 2018

Safe Money And Income Tips For Secure Retirement

By Thomas Wallace


It is the desire of everyone to live a quality retirement life. After all, you have worked for years and are no longer strong enough to run around. However, whether you enjoy this good life or not depends on the safe money and income avenues you use. Here is a look at a few of these strategies that will safeguard your investment and provide a soft landing in your sunset years.

Use immediate fixed annuity that is tailor-made to suit individual situation. The fact that it is immediate means that you begin to receive payments instantly. You will make your deposit today and receive the first disbursement the following month. Such a plan guarantees cash-flow throughout the term agreed. The amount fluctuates slightly but will be enough to meet most of your needs.

There are systematic withdrawal accounts that you can use. These accounts are designed with retirees in mind. They provide liquidity at customized intervals once you have made your lump sum deposit. Since you customize the withdrawal schedules, you determine how much is to be disbursed on regular basis. Shop through different banks and financial institutions to identify the best terms and where you will get more returns.

Preserve your investment using bonds. A bond simply means that a person has your debt. Because you are owed, you will receive regular returns up to the point when the bond matures or you redeem your investment. Bonds that give the best returns are issued by federal governments, government agencies and financial institutions with a solid capital base. Consult an expert to avoid losing your money in weak bonds or banking on plans that do not deliver returns.

Life insurance is an investment option for retirement money. This is not an exclusive plan for retirement but it will help you obtain regular income on demand. There are plans that help you plug deficits or get a loan on the basis of your investment. The face value of your insurance will not be affected by a loan or withdrawal. However, the benefits you get during compensation will reduce.

Home equity is also used by retirees to provide the much needed cash. It does not come with regular payouts but can provide a lump sum if the need arises. Do not be too reliant on this option because of the possibility of price fluctuation. Market forces may reduce the value of your home, leaving you in financial turmoil and extremely vulnerable.

REITs or Real Estate Investment Trust is an option for retirees. This will be a source of regular income because your shares will receive income at intervals. The companies are involved in development and management of real estate establishments like apartments, malls, homes and office complexes, among others. You buy the REITs at security exchange counters. Be cautious to choose a plan that will deliver real returns and safeguard your retirement.

There are numerous options including part-time employment and saving accounts or CD interest options. The best advice is to find a mix of strategies that work for you. Investing in a single plan can be dangerous because you will be risking years of hard work and investment. Get professional guidance and constantly watch the market to avoid wiping out your investment.




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