💰 Sometimes investors end up with money they won’t ever need and want to know what to do with it. Here are 8 ways to invest your excess money in retirement.
Sometimes investors end up with money they won’t ever need and want to know what to do with it. Most often, people who must take required minimum distributions from retirement accounts — but don’t need the money to live on — have this “problem.”Unless you have set up a trust, this surplus money won’t just sit in cash for the next 150 years. Someday, it will go to somebody or some organization.
One easy way to do that is to invest in a target-date retirement fund with a target year close to their 65th or 70th birthday.If the money will one day go to an organization, you could invest it the way many long-term endowments are set up: with an equity allocation in the neighborhood of 60%.For one, you could spend it on consumption by buying things: real estate, clothes, vehicles, yachts, collections of whatever interests you.A third option is to give your money away thoughtfully.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Target Is Making It Super Easy to Identify Black-Owned Beauty BrandsIt's not perfect, though. Here's what you need to know.
Weiterlesen »
Illinois Coronavirus Updates: New COVID Variant BA.4.6, Current SymptomsHere’s what you need to know about the coronavirus pandemic across Illinois today.
Weiterlesen »
Here’s what you can & can’t do at Muni Lot tailgates in ClevelandIf you have a tailgate date planned this football season, here’s what you need to know.
Weiterlesen »
3 tips for stretching your dollar at the grocery storeWith the price of staples like eggs and coffee surging by double-digits, here are simple ways of saving money on food.
Weiterlesen »
Want to see Adele in Las Vegas? Here's everything to know about her 2022-23 concertsAfter having to reschedule last January, Adele is finally coming to The Strip. Here's ticket info and much more about her Caesar's Palace residency.
Weiterlesen »
Why a Phoenix pizzeria made the Los Angeles Times' top 10 listThis James Beard Award-winning Phoenix restaurateur opened an outpost in L.A. It's already on the Times' 10 best new pizzas list. Here's why.
Weiterlesen »