Bring The Fresh Ideas For Retirement Investing
Most people have a retirement paranoia in them and are afraid to bring the fresh
ideas because the general opinion is that this is the time when they stop earning actively, will be probably depending on someone else and will probably have medical problems that they will not be able to pay for. There are so many such apprehensions about retirement that it is no wonder people dread the time.
Everyone thinks about investing in stocks and nobody considers a post retirement career in something like internet marketing. But then, if you are dreading your retirement, then you can't bring the fresh ways in which you can save for your retirement. Here's a list.
1. Retirement Annuities - Several retirees are getting the rich benefits of annuities nowadays. Annuities are investments that are made before a person retires and which begins paying out after the retirement for a fixed pre-decided term, or for the whole remainder of the person's life. However, this is an old idea and we need to bring the fresh ideas like internet marketing. It is a career after environment that can be done part time or full time.
The interest accrued during the timeframe between the investment and the payout is also given out to the retiree. In this way, the retiree gets not just the principal amount back, but also the interest that is collected over the years of the investment. There are two types of payout methods - the fixed annuity and the variable annuity. The fixed rate annuities are better because there the interest rate is fixed, but in the variable rate annuities, the interest rate will change according to market trends.
2. Fixed Deposits in Banks - This is another very popular method of investing for retirement. However, its old and we need to bring the fresh ideas like internet marketing or some other part time job from home. Internet marketing can bring a much greater income stream then fixed deposits in banks. Every bank pays out a healthy interest rate on the invested principal, due to which after some years the invested amount multiplies. If kept for a significant number of years, the little amount invested in fixed deposits could multiply and be a good source for spending the life comfortably after retirement.
3. Term Insurance Policies - Term insurance policies are set for a fixed period of years, which can be either a short or a long period of time. The investment is done in the form of premiums after regular intervals of time. The premiums are collected by the insurance company and the interests are accrued on them. When the stipulated term is over, the insurance company pays out this amount to the person. Many people buy term insurance policies to tide them over after their retirement. However, we still need to bring the fresh ideas. This is all old stuff and then people have to go out of retirement.
4. Real Estate Investing - Most people buy some property when they are working. They might buy the property on installments, but in most cases, the installments are over long before the retirement time approaches. In the meantime the property has built up significant equity. This can be a good option for investment. Many retirees sell their homes after retirement and buy smaller homes in a more peaceful area. The money they save is good enough to look after their needs in their post-retirement years.
There are several more ways for the discerning person who wants to do some investing for life after retirement. The above are just some of the most common ones. We still need to bring the fresh ideas about post retirement work or investing.
by: Jason Burnett
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