It is never too soon to start planning for retirement. Many people begin in their twenties following college graduation and landing a career position, or even with just an ordinary job to pay the bills. But even if you have waited several decades and are now in your forties or fifties, you can still set up an effective retirement plan to ensure your finances are ready when you are. In addition to attending retirement planning seminars given by trusted individuals and companies, the following tips can help you to develop a proven strategy for a successful investment plan in keeping with your personal beliefs and values.

Look at Commercial Real Estate

A second dependable investment strategy is based on commercial real estate. Some people begin by investing in residential real estate, whether by rehabbing aging or worn homes to sell for profit or to use as rental properties. Others focus on commercial properties, which are those used to transact business, such as office buildings, financial operations, and other structures situated in the business sector. As with residential properties, commercial or commerce-based real estate can be rehabbed and sold or maintained as rental units. Many investors have built comfortable retirement cushions from this approach, especially when coupled with other reliable investment maneuvers.

Mutual Funds

Whether you’re cautious or aggressive, investing in mutual funds is a traditional and popular strategy for amassing financial gains over a span of years. Many financial advisers recommend diversifying your investments in the stock market, but most will generally suggest including a respected portfolio of mutual funds as a foundation for other types of investments.

From health care to food products, investing in mutual funds is smart. A fund’s companies are compiled to include a diverse range of entities that are independently successful. However, if one fails to perform as well as expected, ideally the others will hold up to allow you to financially survive or even recoup the losses incurred by the one or two that did not do as well.

Keep Your Personal Values in Mind

While building a financial nest egg for retirement, you may find it especially meaningful to invest in products that support your personal values. For example, If you’re interested in protecting the environment, you can invest in eco-friendly properties like ones featuring commercial solar power.

You could also look for mutual funds that include companies that strive to support the environment rather than exploit it. Some investors only get involved with companies that endorse lifestyle values they believe in. They won’t invest in a business that violates their moral or ethical principles. Investing money in things you believe in not only can earn money for your golden years but also help you feel good about where your money is being used now.

As you reach your retirement years, you want to be able to look back with a sense of pride in your achievements and enjoy the fruits of your labor through the investments you made to support your golden years. When you put money into businesses and products that you respect and want to help build, you earn a return on investment that is not only tangible in financial gains over time, but you also derive a feeling of purpose that those investment funds were used in appropriate ways.