6 Ways to Make Sure You Have Enough Money for Retirement

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5. Be Smart and Safe About Your Investments

In the past, making a 10% return on your investments has been achievable for moderate investment portfolios. But, if you want to bring in a higher rate, it comes with more of a risk. And, the older you are, the more it becomes unwise to take financial risks.

So, what you can do instead is place your money into a stable value fund. There’s less risk, but also low returns. While they make sure you aren’t losing money, your returns could be as low as 1%. That isn’t much yearly growth, and certainly not enough for you to live from. But, the key to finding a good balance of funds is to find investments that will give you the growth you need, while holding some money back keeping it safe. You can rely on a mix of savings, money market funds and mutual funds.

Additionally, another option is investing in real estate. Rental real estate is both an investment and will provide an income. Consider your options and ask a financial adviser to help you make any solid decisions.