Question

Malik is a recent college graduate. He just started his first job as an investment

representative for Edward Jones. He has carefully budgeted his finances, and plans to
set aside $500/month for his retirement,
How would you recommend Malik invest his money?

Answer 1

The answer is below

Step-by-step explanation:

Given that Malik wants to invest his money for retirement purposes, here are some of the income-producing retirement investments he can invest his money:

1. Immediate Annuities

2. Bonds

3. Retirement Income Funds

4. Rental Real Estate

5. Real Estate Investment Trusts (REITs)

6. Variable Annuity With a Lifetime Income Rider

7. Closed-End Funds

8. Dividend Income Fund

9. Total Return Portfolio