In this article, we will discuss what to invest in for retirement. The list is our own top 3 recommendations and also our top recommended places to turn if you are looking for the best service and customer satisfaction.
Please, if you have any other alternative that you miss on this list we would love to hear about it in the comment section at the bottom!
We all get to some point in life when we require to get our finances in order as we seek to secure our financial status for our retirement years. A good number of people are usually able to seek help from their financial advisors, or from friends and family who are well acquainted with how and what to invest in for their age at retirement. There is also a great number of people who would rather make the decision about what to invest in themselves, to avoid having any regrets thereafter when things do not work out as promised. Such people rely on thorough research, which if done correctly can be as useful as the advice that is sourced from the experts.
If you are still not sure about what to invest in for retirement, stick with me through this article as I make known to you the three sure options that you cannot go wrong with, and which you can actually rely on to not only earn money securely but also earn a considerably large amount of it.
Gold remains the most popular precious metal as far as investing is concerned. Many investors actually purchase gold in its various forms in a bid to diversify their portfolio of investments, in an approach that relies on contacts known as futures, as well as derivatives. Unlike other precious metals, gold is considered an effective safe haven, and its hedging properties are way higher in comparison. Another thing about gold is that despite its price being driven by the forces of demand and supply, it is also swayed by the forces of savings and disposal. Truth be told, the world still requires large amounts of gold to satisfy the demand for gold jewelry. The demand still remains considerably high.
As you can see, having your investment for retirement being done through opening an account with a company that deals with gold is a secure approach to ensuring your age at retirement is void of financial struggles. Only about 1/5 of the gold that is mined globally goes to the field of investment, which is reason enough for you to save up some of the gold yourself. It is not only a secure approach to creating a safe investment for your age at retirement but also one that could end up giving you a substantial lump sum of cash to spend on yourself and loved ones, once you are ready to retire.
Annuities are a very popular insurance product that investors have relied upon over the years to grow their wealth. Essentially, this product pays out an income regularly after a certain period, hence is a safe investment strategy. With annuities, all you are required to do is to make an investment in the annuity, and then expect payments to be made to you from a future date. You can choose to invest a huge single lump sum amount of money or you can regularly fund your annuity account when you get paid at your daytime job or any other income-generating venture that you have.
Once you have invested your funds, you can choose to have the payments made to you monthly, quarterly or even annually. Most companies also have the option where you can receive your payment in the form of a single lump sum. The amount of money that you receive during your retirement years is determined by a number of factors, but the two outstanding ones are the amount of money you invest, and the period that you invest that money. This is, therefore, a very good way to invest for your retirement if you are still young since you have the time advantage.
==> Our recommendation for Annuities is to go with Fidelity
The third product that you should consider having as an element in your portfolio of investments for your age at retirement is Bitcoin. There has been a lot of skepticism revolving around the safety of Bitcoin as an investment approach, and this has actually led to Bitcoin being perceived as dead for more than 350 times. The truth of the matter, however, is that Bitcoin has been a profitable investment approach for 98.72% of the time since its creation (https://99bitcoins.com/bitcoin/investment/). This means that if you had decided to direct some of your cash into a Bitcoin investment account, you would have had a 98.72% of earning a profit. If you to ask your financial advisor if a product that has a 98.72% chance of earning you a profit is a good choice of investment, the answer is going to be an absolute yes!
One thing about investing in Bitcoin is that it requires a lot of caution since there are a lot of people in the internet posing as true sellers of Bitcoin but are only out to earn a profit by prying on innocent investors. You should therefore always do your homework on where to safely source and store your Bitcoin. Once you have done this, all you are required is to buy this cryptocurrency and hold it till a later date when you can sell it at a high price. Over a long period of time, it has the potential of earning you a considerable amount of money, thus making it a suitable investments approach for your age at retirement.
In conclusion, what to invest in for retirement is a subject that requires a well-calculated approach, since picking the wrong investment instrument can either lead to you earning a little amount of cash or even losing your money in the process. If you are seeking to earn a good amount of money as you prepare for your age at retirement, you should highly consider investing in gold, annuities or Bitcoin, since these products are safer, and they have the potential to earn you a considerably larger amount of money, in comparison to other traditional investment products.
Hope you found this short article on what to invest in for retirement to be helpful and that you now have a better idea of how to go at it. Please share your own experience in the comment section below as it can help others make better decisions! Also, if you got any questions about this I will be more than happy to answer them below!
I wish you success!
founder of: GoldRetired.com