Retirement is a life event that most of us will experience. It is the aim of everyone to have a comfortable lifestyle that would take care of personal needs and health care, after retirement. From a financial perspective, this would mean careful planning and years of work to achieve that objective.
Building a retirement plan can be daunting. However, it can be less of a headache if you do a careful study of your finances. This would include an investment plan, and a long-term commitment to adhere to that plan.
Retirement Portfolio in Commodities
Commodities could be part of your investment portfolio since it has the potential to earn big. However, it also has the ...view middle of the document...
4. The Internal Revenue Service (IRS) does not allow trading on some items like art, antique, life insurance, and others. It does not allow trading in metals, except some types of bullions and coins.
Retirement Portfolio in Stocks
Choosing to invest in stocks for retirement is a doable option. However, your choice would depend on several factors like your risk tolerance and the time frame for investment. These two factors are intertwined with each other. The longer the time frames, the higher your ability to take in risk.
Advantages of Stock Investment
1. Putting all your retirement fund in stocks is a good decision if you still have 30 years prior to retirement.
2. When close to retirement, you may opt to invest on blue chips and dividend paying stocks. You may even choose to put in your funds to risk-free short term Treasury bills or T-bills.
3. Your personal preference would determine the mix of your financial portfolio. If you plan a modest retirement plan, you can bet on...