Generally, most investors want to make investments in such a way that they get good returns quickly without losing the principal amount. This is the reason why investors are always looking for top investments plans so they can double their money in just a few months. Retirement means the end of earning period for many individuals, unless they choose to work as a consultant. Building a retirement portfolio with a mix of fixed income and market linked investments will always remain a big challenge for many of the retired individuals. Customers should build a retiree portfolio with a mix of products.
While selecting the investment avenue, the investor has to match their own risk profile with risk associated with the product before investing. Some investments carry high risks but have the potential to generate high inflation-adjusted returns than other asset class in the long term, while some investments come with low-risk and thus have low returns.
Best investment options for taxable retirement savings are:
- Senior Citizens’ Saving Scheme (SCSS)
- Bank fixed deposits (FDs)
- Mutual funds (MFs)
- Tax-free bonds
5. Immediate annuities