Look at the overall financial picture in order to develop a properly balanced mix of assets. Seek tax efficiency. Through careful tax planning you might be able to obtain higher returns without taking added risks. Most retirees generally invest only in fixed-income investments like certificates of deposit or treasury bills. This can be done by moving money to a portfolio of high quality stocks or a good growth and income mutual fund that has a good performance record.
Most retirees look for preservation of capital rather than growth.
The bullish market and strong economy has seen retirees investing as never before, and this tax-deferred annuity allows you to select from 26 different investment options. It also provides a guaranteed death benefit and several options for retirement income, while by-passing probate. Then, on a quarterly basis, you could divert your earnings into investments that can provide a higher level of growth. Most importantly, retirees should look into long-term care policies designed to protect their nest eggs from the high cost of nursing home care or home health care. These are major expenses that, if needed, can quickly eat up your savings.