Page 20 - March 2022
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  INVESTMENT TIPS
FOR RETIREES
              At retirement, your main priority is to minimize risk. You want to have enough income to afford you peace of mind now that you're retired. Investments with a small number of risks are best at this point in your life. During this time is in life, you don't have the same amount of time to secure larger returns. As your career progresses, it is more important to have a steady source of income that you can afford to spend on your lifestyle now.
PAY OFF CONSUMBER DEBT
If you have any credit card debt or other high-interest loans, paying these off is worth the investment. If you have cash invested (even at an interest rate of 3%), your money is only compounding around 1% per year, which is about $300 in ten years - enough for lunch! Paying down credit card debt and other high-interest loans will allow your money to compound at 10x that growth or $3,000 over ten years!!!
SET UP INVESTMENT ACCOUNTS WITH SYSTEMIC WITHDRAWALS
Another choice is to invest in an investment that permits and even requires regular and periodic withdrawals. That way, you protect the money by keeping it in your investment, yet still accessible, then budgeted.
 



























































































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