When it comes to investing in retirement, two of the most important stipulations for choosing where to invest are that (1) it is low-risk, and (2) that it yields high returns. Carefully deciding on where to put your money can help supplement your fixed income or any Social Security benefits you might receive in retirement.
Here are some of the best investments you can make as a senior:
- Short-term bonds
- Preferred stock
- Covered calls
- High-yield savings accounts
- Dividend-paying stocks
- Real estate investment trusts
- Alternative investment funds
These are great places to get started if you are looking to invest as a senior. Visit the rest of Senior Strong today and check out some of our articles on retirement planning!
Charlotte Senger is a senior discount expert who handles all financial concerns and ensures that seniors are able to save money. She got her bachelor’s degree in Accounting from the University of Texas.