Where should a retired person put their money?

You can combine and combine these investments to suit your needs for income and risk tolerance, immediate fixed annuities. Real Estate Investment Trusts (REITs) The challenge with low-risk investments is that rising inflation can eat away in value over time. To counter this, you should consider putting your money in Treasury inflation-protected securities (TIPS). These are government bonds that reflect the rise and fall in inflation.

Not only are they a safe investment, but they also help you diversify your future retirement income. If you're lucky, you'll have several sources of income during retirement. They could include a pension from a former employer, income from your retirement accounts and other investments, social security benefits, and possibly a paycheck from a part-time or full-time job. You can transfer money from one investment to another within an IRA or other qualifying retirement account without incurring any tax liability.

Depending on your income needs, you could focus your retirement investment on investments that generate returns in the fixed income market, investments that generate dividends in the stock or alternative market, or investments that generate income in the insurance market, says Cast.

Hattie Bonser
Hattie Bonser

Passionate bacon enthusiast. Infuriatingly humble internet evangelist. Passionate coffee evangelist. Passionate food scholar. Freelance troublemaker. General food fan.