What are the best investment vehicles for retirement income?
Posted by Dolores
John M asked:
Retirement within a year and would like suggestions for secure investments that offer a reasonably high yeild.
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Retirement within a year and would like suggestions for secure investments that offer a reasonably high yeild.
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June 27th, 2009 at 5:43 pm
Kansieo.com
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June 28th, 2009 at 10:17 am
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You are retiring in a year and are, just now, asking for secure investments that offer a reasonably high yield?We have a son in the investment business who has been working our account for 30 years. At first we had two pension annuities which matured, invested from proceeds from the sale of a business and amounts of cash when he had investments that showed promise.My advice find a broker you can trust, sit down and develop a plan for the investment you want to make.Determine the income you will need to live comfortably and establish a diversified portfolio of CDs,stocks, mutual funds,tax free bonds. Don’t put all the eggs in one basket.
June 28th, 2009 at 6:23 pm
retirement
Don’t use a broker/financial advisor!! Their fees will kill you.
Consider that 4% is considered the safe withdrawal rate in retirement. Does it make sense to pay half of that or more in investing fees to brokers and high priced funds?
There are plenty of good books and articles and tools to help you.
And ask here:
July 1st, 2009 at 2:51 am
retirement
either laddered cds or corp bonds!!!!