Top-Rated IRA Investment Funds for 2018 You Should Consider
Discover the top IRA investment funds for 2018 to boost your retirement savings. This guide highlights diversified options like target-date funds, index funds, and growth strategies tailored for different risk profiles. Making informed choices now can shape a more secure financial future. Explore expert picks and comprehensive insights to optimize your IRA investments efficiently.
An Individual Retirement Account (IRA) is a powerful tool for reaching your retirement aspirations. With tax advantages that eliminate taxes on withdrawals during retirement, IRAs enhance your savings strategy. Many overlook opening an IRA independently, relying solely on employer-sponsored plans. Yet, employer plans might not suffice for your retirement needs. Establishing a Roth IRA and investing wisely ensures better financial security. Anyone with an income can open a Roth IRA. Here are some of the best Roth IRA funds for 2018 to help maximize your investments.
Our top IRA fund picks for 2018 include:
Target Retirement 2050 Fund
This lifecycle fund begins with stocks and gradually shifts to bonds as you approach retirement. It balances risk appropriately, offering higher returns for younger investors and stability as retirement nears, making it ideal for a "buy and hold" strategy.
500 Index Fund
This fund tracks the performance of the largest 500 U.S. companies, closely mirroring the overall US stock market and offering broad market exposure.
Buffalo Discover Fund
A growth-oriented fund focusing on small and medium-sized companies. Skilled management and disciplined research aim to generate superior returns.
J.P. Morgan Smart Retirement Income Fund
This fund emphasizes capital appreciation and current income, suitable for those nearing or in retirement. It invests mainly in fixed income assets through diversified underlying funds.
MFS Lifetime Income Fund
Designed for steady income growth, this fund combines stocks and bonds into a single diversified portfolio, mainly comprising corporate and U.S. Treasury bonds.
These selections exemplify some of the best Roth IRA options for 2018, but thorough personal research and consideration of retirement needs are essential before investing. Review current rates and assess your financial situation to make the most informed decision tailored to your retirement goals.
