Retirement should be a time when you can enjoy the golden years of your life, indulging in activities that you love and couldn’t spend time on due to the pressure of a working life. On the other hand, if at that time, you have to think about how to earn a monthly income to sustain yourself, then you would surely kiss your peace goodbye.

Planning well in advance is one of the best ways to avoid such a situation. You need to do proper research and analysis to know which investment plan is the one for you.

Some of the best investment plans in the market are:

Company Retirement Plans:

There would be many investment plans available with the company you are working with. These plans are registered with the company, making them absolutely trustworthy. Most of these plans are tax exempted, which is one of their biggest plus point. You will also find various types of financial companies, which have different plans of investments that are linked to the company plans according to the percentage you want to invest. The best way to understand these plans is by getting proper advice from the best financial advisors available.

Equity Indexed Annuities:

These types of plans are like special contracts between the insurance company and you. A series of payments or a lump sum payment can be done to get these plans. After the accumulation of funds has been done, they will start paying periodic payments to you as per the contract. As these funds are circulated in the market, they will multiply with time, which is beneficial for the future.

Individual Retirement Accounts (IRAs):

These are the most sought after investment tools in the market. Being tax deductible, these plans can accumulate enough funds for your retirement. These earnings are available in the form of various types of funds, bonds, and stocks. IRAs are available in different forms like Simple IRAs, Traditional IRAs, SEP IRAs, and Roth IRAs.

Certificates of Deposit (CDs):

These are known as one of the lowest investment options that are available in the market. You can get these certificates for a certain period. After the maturity period, these investment options will give you back the funds that you invested in multiple layers.

Rental Properties:

Investments can also be done in different types of rental property. After getting the property, you should give it out for rent. This is one of the best ways of investment for retirement planning as these things reap large amounts of money, which can be considered as a monthly income. If you have a mortgage on the property, then the tenants can easily pay that off for you.

Mutual Funds:

This is actually made of a pool of funds that is accumulated from the investor. After their accumulation is done, they are reinvested into different types of securities. Operated by different money managers, these investment options help in accumulating different types of capital gains from the market for the investors.

Direct Reinvestment Plans (DRIPS):

These plans are generally formulated by different financial corporations that generally allow you to reinvest cash in different options like additional and fractional shares. As these plans are completely commission free, investors do not need to think about shelling out extra money. Apart from this, it also provides the flexibility of purchasing shares at a discounted price.

Exchange Traded Funds (ETFs):

These plans are just like stocks in the regulated market. Due to their unique structure, these plans help in tracking different types of commodities, sector indexes, and a basket of assets. You will find that these plans help in diversifying your investment portfolio. With a low expense ratio, these plans help in accumulating funds that are highly beneficial during the retirement years. There are also some participating brokers who can help you invest in these plans without charging any commission.

Retirement plans should always provide better and efficient money management. You can also look at different reinvestment plans that will help you multiply your money in an effective manner. Post Retirement Investment options another good step to multiply your money and wealth.