When you’re retired, you’re probably focused on different priorities with your investments than you were when you were still working. Instead of focusing on growth, retirees’ investment objectives tend to gravitate toward income and stability.
However, far too many retirees simply use their nest egg to buy an annuity. While this can certainly create a worry-free stream of income, it is rarely the most financially-beneficial option.
There are plenty of excellent investment options available to retirees, ranging from risk-free income generators to hands-on investments that can generate some serious returns. Here are 11 examples of savvy investments retirees can make to put their nest egg to work.
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