How to invest for retirement?

Annuity

 

The benefits of an annuity especially when used in connection with retirement provision is that it would ensure that the retiree has an income for a convenient number of years. 

 

The best type of annuity is deferred annuity because it gives you lifetime benefits.

 

Bonds

 

A bond is a loan to either a government or a corporation, whereby the borrower agrees to pay a fixed sum of interest usually semi-annually, until your investment is full. 

 

Exchange Traded Funds 

 

Exchange traded fund is an investment fund traded on stock exchanges just like stocks. 

 

An ETF holds assets such as stocks, oil futures, foreign currency, commodities or bonds and generally operates with an arbitrage mechanism to keep its trading close to its net asset value, although deviations can occasionally occur. 

 

Stocks

 

A stock market is a place where public limited companies and other financial institutions come to buy and sell bonds and other derivatives. 

 

NSE acts as a third-party broker and allows investors to buy and sell shares independently through share dealing platforms. 

 

You can directly and indirectly invest in stocks.

 

Mutual Funds

 

Mutual funds are some of the most overlooked yet probably the easiest way to invest much more than both stocks and bonds. 

 

A mutual fund is a pool of money, often from similar minded investors. 

 

You can sell your shares when and if you want. 

 

Real Estate

 

Real estate is a retirement investment plan you should never overlook. 

 

Landon said 'look for what's going to give you the most bang for your back'.

 

 Real estate as a front is a very lucrative opening. 

 

Pension Plan

Pension plan is a retirement plan that requires an employer to make contributions into a pool of funds aside for a worker's future benefit. 

 

The pool of funds is invested on the employee's behalf, and the earnings on the investment given to the worker upon retirement.

Comments

You must be logged in to post a comment.

About Author

Myself prasanna Kumar sahoo a journalism passout student.I have work experience in different media organisations more than eight years.Now,I am new in freelancer.So you will take my candidature into consideration. Thanks, Prasanna Kumar sahoo

Recent Articles
Apr 23, 2024, 7:56 PM Faiz
Apr 22, 2024, 9:57 PM gokul
Apr 22, 2024, 5:58 PM pedro o alexander
Apr 22, 2024, 12:22 PM Shilpa Biswas
Apr 22, 2024, 5:18 AM pedro o alexander