Puritan Financial Group Investing for Retirement

As breakthroughs in medical science and the information age usher in increased health

awareness for many around the globe, the quality and length of life have also increased significantly. Today's seniors can live well into their eighties or nineties, making it even more important to identify reliable methods to create and protect wealth to fund your retirement. However, many retirees don't know what to invest in, and how much money to place in their investments these days.

For some time, the investment trend for retirees involved putting money into preferred stock, bonds, utilities, and other securities that paid interest and produced dividends. Investors earned their yearly income from the dividends and interest while the principal cycled. The basic investment was ignored, and the income was the end-all and be-all. The growth of the investment itself wasn't even considered, as this involved risk, while the collective mindset of investors then was to avoid risk, even in small degrees.

This widely accepted approach to investing - the avoidance of risk - is no longer as prevalent as it used to be. The unpredictability of the market, resulting in the deterioration of security associated with allegedly low-risk and high-gain, income-focused investment strategies, has made this trend obsolete - you'll also be likely to run out of cash before you pass on with the relatively smaller returns you can get from these kinds of investments.

You need to be able to take some degree of risks with your investments if you want to make enough money to last your retirement. What you can do to safeguard your nest egg (and ensure your retirement is properly funded) is to minimize the risk involved by making educated investment choices, which are influenced by your risk tolerance, available finances, and the time frame within which you want or need to turn profits. With some research, and possibly the aid of an investment expert or a financial planner, you'll find the investments that are right for you.

Puritan Financial Group Investing for Retirement

By: Carina Smith

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