This a good question regarding retirement.  However, there are several variables that would impact the answer.  We would need some more specific information to give you a good answer.  Will you need access to this money immediately after retirement since retirement is only a few years away?  In other words, will your retirement sources of income be greater than your expenses in retirement?   Is this money being saved to support you in retirement or to make a purchase?  Everyone has a different definition of what a few years might mean.  Is it 2 or 3 years or 5 to 10 years?  How small is a small investment?

If the time frame is 2 or 3 years and you will need the money immediately, the simplistic answer is that it is best to keep it in short-term investments with maturities similar to your retirement time frame.  You can save for small dollar amounts in certificates of deposit (CD’s), money markets and short-term maturity mutual funds.  For larger dollar amounts and maturities in the 3 to 5 year range, you can invest in fixed income Unit Investment Trusts, fixed annuities that have a maturity and a given rate of interest, and short-term and intermediate-term mutual funds.

It is important to visit with a client advisor who can better understand your situation to help give you the best advice as to the investments that will meet your own individual needs.

Click here to contact a client advisor, learn more about planning for your future and download our free Retirement Planning guide.

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