Tips For Retirement Investments?

Chris asks about what the different investment options mean.

QUESTION: Chris wants to know about annuities and different retirement investment vehicles.

ANSWER: If you’re investing long term, have maxed out all of your retirement accounts, and have no debt, do the following:

  1. Buy things that appreciate on a capital gains basis like real estate.  You can buy rental property that goes up in value and it grows tax-deferred.
  2. You could also do annuities.  There are fixed annuities and variable annuities.  I would not do fixed annuities because they are a bad savings account with an insurance company.  A variable annuity gives you some access to mutual funds and allows them to grow without paying taxes on them.
  3. You could also do low turn-over, index mutual funds.  Stocks don’t sell inside the mutual fund very often so you can keep clear of taxes.


Jump-Start Your Goals!

Jump-Start Your Goals!

Get our 8-Day JUMP START series and weekly newsletter that are packed with articles and tools to help you win with money.

Reach Your Money Goals

Reach Your Money Goals

Start with a budget. Join the millions already budgeting with EveryDollar!

Create My (FREE) Budget

Thank You!

Your 8-Day Jump Start is on its way to !