Create an Income Stream
Taking initial withdrawals of 4% or considering annuities are often recommended to retirees.
You can buy individual stocks or bonds through a broker
Gain instant diversification and professional management by selecting mutual funds that invest in stocks or bonds or some combination of the two.
Cash generally refers to savings accounts, money-market funds and other low- or no-risk, easy-to-access savings.
If you’re investing through your employer’s retirement plan, you’ll likely be offered a menu of mutual funds or an all-in-one target-date fund.
Target-date funds combine a diversified portfolio of mutual funds that grows more conservative as you near your retirement date.
IRA owners, who can set up an account with a traditional or online broker, mutual fund, bank or other third-party administrator, can choose from almost any kind of investments or cash accounts.
Here are some possible guidelines for navigating your investment and your retirement portfolio.
*The information on this page is credited to IPT and Kiplinger. Their original materials are made available by the Kansas Securities here.