August 29th, 2011 by admin
Betty asks?
I wish to work out with some investment for financial assistance after my retirement. What could be the best investment plan that I can go for?
admin answers:
This is a complicated question and you haven?t given a lot of information.
In general once you have retired you want to keep your money safe. You don?t want to invest in things that go up and down a lot. You want to buy things that give you a steady return, like bonds or preferred stocks. You might have 20% of your money in cash, 60% in no-load bond mutual funds and 20% in a conservative no-load stock mutual fund.
You don?t need to pay anyone for information. Many financial planners will charge you for your expertise, then have you buy things that pay them commissions. Beware! You can check the web pages of the big brokerages for advice on retirement investing. There is a lot of information out there.
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