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Jun 06

Top Investments for Financial Security When You Retire

Reading Time: 4 mins
Many people worry about how they’ll maintain their standard of living after they retire. However, it is possible to ensure a comfortable retirement with careful planning. One of the best ways to do this is to invest in assets that will provide steady income after you stop working. Here are some of the best investments for financial security in retirement:

Precious Metal Individual Retirement Account (IRA)

One of the best investments for financial security in retirement is a precious metal Individual Retirement Account (IRA). With a precious metal IRA, you can invest in gold, silver, platinum, and palladium. The benefits of investing in precious metals include:
● Precious metals are a tangible asset that has intrinsic value
● Precious metals are a hedge against inflation
● Precious metals can be used to diversify your investment portfolio
If you’re looking for an investment that will provide financial security in retirement, you should look at some of the best gold IRA companies and compare their fees, services, and investment options. Investing in precious metals is a smart way to diversify your future income opportunities and protect your savings from inflation.

Income-Producing Real Estate

Another great investment you can make for financial security in retirement is income-producing real estate. This can provide a steady stream of passive income that can help cover your living expenses and give you some extra spending money. And, if you buy property in a desirable location, it can even appreciate in value over time, giving you even more financial security in retirement.
There are a few different ways to invest in income-producing real estate. One option is to buy a rental property or multiple properties and become a landlord. This can be a great way to generate income, but it does require some work on your part, including finding tenants, collecting rent, and maintaining the property. If you don’t want to be a landlord, you can also invest in a real estate investment trust (REIT).
A REIT is a company that owns and operates income-producing real estate, and they are required to distribute 90% of its taxable income to shareholders. This makes them a great way to invest in income-producing real estate without having to be a landlord. And, because REITs are traded on major stock exchanges, they are easy to buy and sell.


An annuity is a contract between you and an insurance company whereby the company agrees to make periodic payments to you for a specified period of time. In return, you make a lump sum payment to the company. Annuities can be an excellent source of retirement income, as they provide a guaranteed stream of payments.
There are two types of annuities: fixed and variable.
● With a fixed annuity, you will receive the same periodic payments for the duration of the contract. This makes them ideal for individuals who want to ensure they have a predictable income stream in retirement.
● Variable annuities, on the other hand, offer the potential for higher payments, as they are linked to the performance of underlying investment products. This makes them more suitable for individuals who are willing to take on a higher degree of risk in exchange for the possibility of higher rewards.
Here are some benefits of annuities:
● They can provide you with a stream of income that you cannot outlive. This is because payments from an annuity will continue to be made even if the account value has been depleted.
● They offer tax-deferred growth. This means that you will not have to pay taxes on any investment gains until you start receiving payments from the annuity.
● They provide you with a death benefit. This means that your beneficiaries will receive payments from the annuity in the event of your death.
There are some drawbacks to annuities, as well. One is that they typically have high fees and expenses. Another is that they are not particularly liquid, meaning you may have difficulty accessing your money if you need it before the contract term is up.

Dividend-Paying Stocks

If you’re looking for a more passive investment, consider investing in dividend-paying stocks. These stocks tend to be more stable than other types of stocks, and they offer the potential for high returns. Moreover, dividends provide a source of income that can help to supplement your Social Security benefits or pension payments. There are many different types of dividend-paying stocks, so it’s important to do your research before you invest.
For example, you might want to consider investing in utility stocks, which tend to be less volatile than other types of stocks. Others include master limited partnerships (MLPs), and blue-chip stocks. What’s important is to find a stock that pays a dividend that is sustainable, meaning the company has a history of paying out dividends and is likely to continue doing so in the future.

Do Your Homework Before Investing

Before you invest for financial security in your retirement, do your homework, be patient, and don’t let anyone pressure you into anything. Also, consult with a financial advisor to guide you on what types of investments may be right for you. With a little bit of effort on your part, you can find investments that will work well for you and help to ensure a comfortable retirement.
Disclaimer: MoneyMagpie is not a licensed financial advisor and therefore information found here including opinions, commentary, suggestions or strategies are for informational, entertainment or educational purposes only. This should not be considered as financial advice. Anyone thinking of investing should conduct their own due diligence. 


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