Top 5 retirement investment funds for your portfolio
Most people work for decades so that they can make investments and collect sufficient funds for their retirement years. Having enough savings for the golden years is ideally the most significant goal for you as an investor, but the volatile market may make it difficult to understand which retirement funds are suitable for you. To help you out, here are the best retirement investments that you can include in your portfolio:
- Vanguard Target Retirement 2035 Fund
This retirement fund is created for investors who want to retire early so that they can enjoy the benefits of their investment within 15 years. However, even if you don’t want to retire that early, this fund has various offerings that make it one of the best retirement investments available in the market. As of now, this retirement fund offers a current yield of over 2%, and the expense ratio is 0.14%. Plus, Vanguard is quite a trusted name for keeping your money safe. - Northern Global Tactical Asset Allocation Fund
This fund offers one of the best diversifications and a lot more protection in case the fund underperforms. So, it invests in mutual funds and exchange-traded funds and aims to provide long-term capital appreciation at an expense ratio of 0.58%. It is an ideal option for you if you’re interested in long-term investment and want to diversify your investment among stocks, commodities, and bonds, both domestic and foreign. - Baird Aggregate Bond Fund
Although the interest rates in the market are low, we recommend retirees to diversify their investments. It is wise to have flexible income to offset the volatile equity markets, which means it’s better not to put all your money into a single company. This fund works best for people who wish to attain investment discipline and risk control, and the best thing about it is that it invests in government and public sector entities. At an average, it offers you a 2.90% yield on a 3-month basis, and the net expense ratio is 0.30%. - PIMCO Income Fund
One of the best retirement investment funds to consider, this is a fixed income fund that aims to maximize current income. A fixed income fund means that it invests in fixed income securities globally and captures the benefits of different bond sectors. As of June 30, 2020, the distribution yield stood at 5.87%, and the fund has an expense ratio of 0.50%. - Vanguard Prime Money Market Fun
This fund comes under the category of money market mutual funds. It invests in short-term, high-quality securities and aims to provide current income while maintaining a $1 share value. This fund provides average annual returns of 1.52%. The best feature of this fund is its expense ratio, which is only 0.16%.
These are some of the best retirement investments in the market that you can choose from. You can include them in your investment portfolio, but we recommend that you consult a financial advisor to ensure that you are making the right move.
