10 Best Investment Options For A Stronger Retirement

Best retirement investment options for senior citizen. Retired couple consulting with a financial advisor.

(d) Money Market Funds (MMF)

It is a form of mutual fund that deals in debt obligations. It is not a FDIC-insured account. These funds usually invest in U.S. Treasury funds, U.S. Government funds, general purpose corporate funds, & tax-free money market funds.

(e) Savings Accounts

It is deposit account that is usually opened at a bank or other financial institution with modest interest rate on deposited money. However, it may also have some restrictions on the number of transactions allowed per month.

(4) Direct Reinvestment Plans (DRIPs)

It is one of the best retirement investment options for a stronger retirement. Direct reinvestment plan (DRIP), also known as Dividend Reinvestment Plan (DRIP), is a plan that allows reinvestment of any cash dividend. These cash dividends are received through purchasing of additional stocks or fractional stocks on dividend payment date.

Several DRIPs allows investors to purchase additional stocks commission-free & even at a discounted rate of 1% to 10% as compared to prevailing stock price. However, you have to pay the taxes on cash dividend even though you have not received the cash in hands.

It is a best retirement investment options but the stock price may drop along with dividend payment to nullify your benefit from dividends.

Thus, you have to review & assess its performance from time-to-time to ensure that it is meeting your investment goals perfectly.

Image Source: Shutterstock

Recommended Posts

More From GetUpWise

About Editing Staff
At GetUpWise, we are a team of professional writers from different areas of subjects. We are conducting thorough research on each & every topic from highly reputed sources before writing any piece of article. Once research is done, we try our best efforts to provide informative piece of articles in an easy to understand manner. It is something that is extremely essential to meet our goal while reaching & offcourse building a strong online community. We do update our articles from time to time in order to provide the most latest information quickly. Thus, our articles can be used as a "way to gain smartness".

Leave a comment

Your email address will not be published.


*


More in Retirement
Secrets Retirees Will Never Tell You.
Top 10 Secrets Retirees Will Never Tell You

Retirement can bring several ups & downs in life of a senior citizen. These secrets retirees will never tell you...

Close