Unlock Your Wealth: 4 Smart Alternative Investments to Boost Your Nest Egg!
Did you know that the average retiree in the U.S. between the ages of 65 and 74 has around $609,230 saved up? And if you’re 75 or older, that figure drops to about $462,410? Thanks to diligent tracking by the Federal Reserve’s Survey of Consumer Finances, we have a clear picture of how much Americans are saving for their golden years. Now is the time to think about your own financial future!
Get Smart: Discover the Top Expense to Cut for Retirement
Learn More: 9 Simple Strategies to Build Lasting Wealth
Regardless of where you stand with your retirement savings, having a cushion never hurts. Life’s unpredictable, and you want to be prepared for any surprises that might come your way. Plus, leaving a little something behind for the next generation can be a beautiful gift!
So, whether you’re already on the savings train or just starting out, consider these alternative investments to supercharge your nest egg.
Generating passive income is easier than you think. You can kickstart your journey this week!
Have you ever considered fractional real estate investing? It’s a fantastic way to diversify your portfolio and enhance your retirement savings without having to buy an entire property. This approach is perfect for those who may face financial barriers to purchasing real estate outright.
“With fractional investing, you can own a piece of a property at a fraction of the cost of buying the whole thing yourself,” says an industry expert. “This method allows multiple investors to share ownership and reap returns based on their investment percentage.”
“The more you invest, the greater your potential returns,” they continue. “Plus, fractional investing is far less time-consuming than managing a full property.”
Find Out More: Apple’s New Low-Cost Hearing Aids: A Game Changer for Retirees
Another intriguing option? Private credit. These are loans made between individual lenders and borrowers, typically with fluctuating interest rates that can respond to market changes.
“In uncertain markets, private credit shines with its ability to deliver attractive returns, often less affected by public market volatility,” an expert notes. “It offers a chance for steady income and can significantly enhance your retirement security.”
Fractional real estate isn’t the only game in town. Real Estate Investment Trusts (REITs) and direct investment properties are also great avenues. Even a simple rental property can add significant value to your investment portfolio if you’re new to the real estate scene.
