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Income Direct
Income Direct

Retirement can be challenging for many individuals, especially when managing finances. With the rising cost of living, increasing healthcare expenses, and the unpredictable economic climate, a solid plan to protect and manage capital is crucial for a comfortable retirement. This becomes even more critical as Australians are living longer and healthier lives, requiring sufficient retirement capital and income to cover their needs in the long term.

Australian retirees have many options to place their funds. These include shares, bonds, property, managed funds, and retirement income products such as annuities, superannuation funds, or aged care products. However, retirees typically prefer secure, capital-stable assets that are less susceptible to significant drops, combined with some high-yield investments to counteract inflation and rising retirement costs.

Fixed-Income Solutions For Retirees

Fortunately, several major non-bank organisations offer fixed-income solutions in the market. Products such as those offered by Income Direct offer a high yield and a capital-stable regular income stream. These solutions are similar to term deposits, where the lender locks their money for a pre-agreed term in exchange for a fixed interest rate on their capital. Whilst one should be mindful that non-bank solutions are not covered by Government guarantees, these high yield alternatives are renowned for helping retirees generate a consistent income stream while preserving their wealth. For many retirees it is an obvious choice, particularly to combat inflation.

Fixed Income Accounts: An Innovative Solution For Retirees

Income Direct's Fixed Income Accounts are an innovative, fixed-term solution offering high yields and at competitive fixed interest rates. Clients can choose terms ranging from 3 to 120 months, with the option of receiving interest paid monthly or compounded. This program is popular with retirees seeking a capital-stable solution in turbulent times.

The Fixed Income Accounts also give clients the option of syncing their interest rate with the official interest rate set by the Reserve Bank of Australia (RBA). The 'variable' rate option provides comfort that client capital is keeping up with changes in interest rates which is particularly handy for those seeking a long term fixed interest solution.

Income Direct utilises its funding to deploy in transactions across a wide variety of asset classes including real estate, private equity transactions and corporate credit - asset classes that are renowned for generating exceptional returns from direct investment. The company provides a dedicated, Australia-based personal Account Manager for clients including direct mobile and email address access.

The Fixed Interest Accounts offer special interest rates of up to 9.70% per annum. They come with no setup, monthly, or management fees, making it an attractive option for retirees seeking to grow and preserve their investment portfolios.

Conclusion

Retirement is a critical time for many individuals, and investing for retirement is a challenging aspect of finance. However, retirees can ensure a comfortable and secure future with the right tools and resources. Products like Income Direct's Fixed Interest Accounts offer an innovative option for optimising returns on capital while preserving capital stability.