Retirement Strategies: Making $400,000 Work For You Without Stock Market Investments
How can I make $400,000 work for me in retirement? Many retirees face this question, especially those who have never invested in the stock market.
Understanding Retirement Funding Strategies
At age 64, having no debt and owning a house, you're in a solid position. Consider these effective strategies to enhance your retirement income:
- Certificates of Deposit (CDs): These low-risk investments can offer guaranteed returns.
- Bonds: Fixed-income securities provide regular interest payment, ideal for stability.
- Real Estate: Rental properties may generate consistent income while appreciating over time.
Exploring Alternative Investments
Additionally, diversifying your portfolio with alternative investments can yield fruitful results without relying on stocks. Consider options such as:
- Peer-to-peer lending
- Real estate investment trusts (REITs)
- Precious metals
In summary, making $400,000 work for you in retirement without stock market investments is feasible with careful planning and diverse strategies.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.