Posted on: 12 May, 2022

Retirement Investments | Making Your Money Go Further

Keen to discover how to make your money go further in retirement? Here, we're sharing our top tips on retirement investments to help you create a secure future.

Are you looking to make some retirement investments to help your money go further?


Here, we’re sharing our top tips for creating a secure future:

Retirement Investments: An Overview

Whether you’re planning ahead or already enjoying your retirement, it’s a good idea to make sure you know and understand all your finances.


You may want to ensure that you’ll have a comfortable retirement, or you may want to have enough money to fulfil your lifelong dreams, such as travelling.


Your financial situation can impact your plans, so it’s essential that you take control and start making your money work for you.

What Are Your Aims/Ambitions?

Before you start planning your retirement investments, you need to decide what it is that you want from your retirement.


If you’d like to buy a new home or spend some time exploring the world, you’ll need to work out the costs. It’s a good idea to take into account the cost of living, whilst ensuring that you have enough funds to see you through all eventualities.


Purchasing a property is often a safe investment and will offer you security as you navigate your way through retirement.


If you currently own your home, have you considered downsizing and moving into a retirement property? This can free up some of your finances and help you live a comfortable life.


If you’re interested in properties and have some spare funds, why not consider buying a second house? A buy-to-let can create a steady income, and you can sell up if you should ever need the money – usually for a profit.


You’ll need to consider the tax implications of owning a second property. It’s a good idea to seek the advice of a property advisor or mortgage broker to help you understand the benefits and risks involved. This can help you to make an informed decision.

Retirement Investments: Stocks and Shares

Investing in stocks and shares can be a steady way to make money – but it does come with its own risks.


Consider setting some money aside to invest, and seek the help of a professional to help you learn how the market works.


When you have money invested in stocks and shares, you’ll need to keep an eye on share prices and the rates of the stock market to minimise the risk of losing money.


It’s not fool-proof, but if you put in the time and effort to learn and manage your investments, you have the potential to earn a good return.

Retirement Investments: Invest in Yourself

Retiring doesn’t mean you have to stop working altogether. You may find that you want to move into a part-time role doing something new. This could be for financial reasons, or to give your new routine some structure and to meet new people.


If you plan to do this, why not invest in yourself and learn a new skill? You could enrol on a course doing something you’ve always dreamed of trying, or find a new hobby altogether.


There are plenty of part-time or evening classes to try. You could consider anything from book-keeping to flower arranging. Why not do some research and find something that interests you?


Putting your money into yourself can help you in your retirement years. You can make the money back (and more) by earning a steady income from your newly-discovered skills.

If you’ve found our retirement investments blog helpful, why not read our previous article to discover ways to supplement your income during retirement?


Alternatively, please contact a member of the Friary Meadow team for more information about retirement living.

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