When it comes to investing for income in retirement, there are several ways to do it. Just to name a few of the major income investments, you could buy:
- Bonds -- Steady income payments, but won't help you keep up with inflation
- Dividend stocks -- Potential for growth as well as income, but with added risk
- Annuities -- Steady income for life, but fees can be high
- CDs -- Safest choice, but lowest returns
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While any of these will create a stream of income, each one has its own set of pros and cons, and some may be better choices for your portfolio than others. With that in mind, here's a quick guide to help you decide which are best for your income requirements and risk tolerance.
The article The Best Ways To Invest For Income In Retirement originally appeared on Fool.com.
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