Best QuickBooks Consulting & Training in Parker, CO

What Should You Invest in For Retirement? Social security payments are very important for post-working years. However, there are also many investment opportunities and options for non-earning years. Investments, usually, include: boost returns, risk-free and federally-insured stocks or bonds as well as individual retirement accounts (IRA). The latter is a tax-advantaged investing tool that depends on employment status. It can be tax-deductible and tax-deferred, but it can also change annually depending on catch-up contributions. However, it is based on life expectancy and open to hefty tax penalties. Similarly, Roth IRA entails after-tax dollars and tax deductions, whereas simple IRA depends on annual compensation and additional catch-up contributions. There are also many other popular investment options such as stocks for growth. You can buy stocks which are exchange-traded funds belonging to publicly listed companies. You can also invest in equities. By studying volatility profiles, you can limit your exposure to stock volatility. Alternatively, you can invest in actively managed mutual funds (entailing fees and flexibility), index funds, exchange-traded funds (with no management expense or fees) and target date funds. Matthew P Schlanger, CPA can provide additional information on the best ways to plan for retirement.