I have $67700 to invest AFTER retirement in May. Where should I put this money?

I have my social security and pension that should take care of me okay. This money will be for my extras. I read about people getting 8--10% on their monies. I can only find 4.5%.

I'm not exactly sure what you mean by after retirement. You are investing for when you retire, and you are retiring in May?

And you have $67,000? And this needs to last how long?

I guess there are lots of good mutual funds you could put it into.

I don't recommend you get sucked into buying an annuity (although a 67,000 annuity would't be very high monthly payments....) unless you are really worried about outliving your money.

I think you need to see an investment specialist, most likely, unless you can give us a lot more details about your expenses and assets and where you live and planned monthly expenses after retirement.

Heck, whether or not you own your home would make a huge difference in the answer.

Just remember about the annuities. They have hugely high fees.

Also, the thing about the 8-10% is that those are market returns. Those people are getting higher rates but are definitely exposed to risk.

Again, see a specialist, but know that those pepe accept as a side effect of increased returns the fact that they may loose money rather than make it!

my hand. ;]

Definately in the bank.

Put you money in citizen bank or bank of america...

CD or buy bond are good choices. Or you can put it on 401K for further investment.

Renewable Energy

my account works for me.
get a financial advisor bud.

bank. and gain interest

Invest it in Enron.

talk to your broker about tax free interest earning municipal bonds.

Roth IRA..

I think you should buy a very nice designer couch so that you can lay out and be really comfortable in before retiring.

WELL IF YOU DON'T HAVE A BANK ACCOUNT THEN YOU SHOULD MAKE ONE THEN PUT YOUR MONEY IN THERE OR YOU COULD PUT SOME OF YOUR MONEY IN THE BANK AND KEEP SOME OUT FOR AN EMERGENCY OR SHOPPING MONEY BUT YEA I WOULD DEFINITELY PUT IT IN THE BANK

I just saw a thing about an annuity that federated has that will give you a set income for the rest of your life. Give them a call.

Get a money market account. YOu can withdraw as you need it and can earn upto 12%

vegas

With the future as unstable as it is I would invest in utilities. Even in a depression people will need utilities. I think Water and Waste Water are good investments. This is a utility that people can't live without. They rarely go under they usually expand when new neighborhoods are built. Electricity is a little iffy as they are springing up every where and the competition is great and some fail.

Investing money is tricky and EDUCATION is the key.
Invest in things you understand.
People getting...8-10-15%...maybe taking risks they feel comfortable with.... but it is a risk.
IF...IF ..IF you understand something and are comfortable with the risk...okay.
IF NOT...put it in the bank...spend the interest...and sleep at night.
It is called... "retirement."
Remember....Cash is always good.
dg
nyc

4.5% is about the most that you can get right now from bank accounts. To have a chance of getting 8-10%, you need to either (a) invest it in riskier things, that may make 8-10%, but may lose money, or (b) put it in an annuity that pays 8-10% while you are alive (or for a fixed number of years), but then goes away (meaning that neither you nor your heirs get the original investment; you get only the 8-10%).

Invest in rare coins..They are extremely low right now and if you buy the right coins..You could end up doubling your money or even tripling your money in a couple of years....Extremely easy if you can get someone to show you whats good and whats not....I suggest the rarer coins that have low populations....You need not buy 10k coins...Just keep them to under 1k each and you should be fine....
Or, invest in the Visa IPO that is about to come out. That may be a good investment since their only competitor is Mastercard...Mastercard has quadrupled its stock since it launched its IPO..
If you go for a CD, check the rates...I locked in at 4.98% for 4 months....Compounded for a whole year, that would be about 15.3%...Very nice return...That means, if you put 50K, you would get back $7650 a year...Not too bad...I was stupid I didnt lock it in for 3 years...Then, I would have made alot more....The rates are not the same anymore...They always go up and down...As of right now, its down.....Gotta wait till it goes back up again...When banks need money, they raise their CD rates....

Bridge loans come to mind as far as a higher rate of return,,,,,with risk........google it and find a couple of places on line,,,,,,,,,,,,,,,,,,,,,,,

Robert G gave you a pretty good answer. Maybe I can add a few additional thoughts. He has an excellent point about whether or not you own a home. I hope that you do. If you do not, you are not in too good of shape. It is possible to generate 8 to 10% but with some risk.

Here are a few examples of historic returns.

T Rowe Price Balanced Fund RPBAX has a life to date return of about 10.1% annually since 1940 but that is not consistant. For example during 2001 and 2002 it lost about 20% of its value. But in 2003 it recovered most of the loss. The fund invests about 60% in equities and about 40% in bonds, hence the name Balanced.

American Funds Income Fund AMECX has a life to day return of about 12.5% annually since 1973. Again not consistant. During 2001 and 2002 it lost just a tad. The fund invests about 70% in equities and about 30% in bonds. This fund has a front end load of about 5.75%, but its performance is significantly better than RPBAX and in the past it has suffered less volitility.

So based on past history it is possible to generate the 8-10% and perhaps even better but there is risk in attempting to do so.

An investment advisor should advise you to separate the 67k into 3 to 5 parts and invest those various parts into different mutual funds with different investment objectives but nevertheless somewhat conservatively since you do not have a large capital position in which you could afford to suffer much loss.

I would be inclined to recommend one of those 3 parts in one of the above mentioned funds or a similar type fund. 1 part in t-bills and 1 part in a predominately overseas balanced fund because the $ is not all that healthy currently. The t-bills will reduce your annual return but provide some safety from market volitility.

Put some into forex investments. For the last 4 months the FXCM sentiment aggressive fund has 52% return. (www.fxcm.com). If you open an account through a broker (such as Self-Actualizer Financial Solutions), you can get a big discount on the performance fees--see www.self-actualizer-fs.com