Question

which two investment options would be best if you are 45 years old, just starting to save, and want to retire when you are 65?

Answer 1

@Nurali @ganeshie8 any Ideas? I would guess mutual funds and IRAs but that doesn't seem entirely right, but I don't know what would work better

Answer 2

Since you have 20 years to retire, you can invest some money in stocks also

Answer 3

so what do you think, stocks and IRAs then?

Answer 4

I think so - stocks are risky but if they perform well, they give u more returns than mutual funds or any other investment. So you should always invest some money in risky stocks if you want higher returns

Answer 5

However, if you're 60 years old and planning to retire by 65, then stocks are not good as you can not absorb any losses

Answer 6

The older you become the safer investments you should pick

Answer 7

IRAs are safer than mutual funds, correct?

Answer 8

stocks and IRAs sound good for 45 years old person

Answer 9

Yes, IRAs are safer than mutual funds

Answer 10

Thank you for the input!

Answer 11

np :)