Purchase Equity-Linked CDs
An equity-linked CD is a guaranteed product that will give you a basic CD return plus a kicker based on the performance of the equity markets. Though there’s no guarantee that you’ll earn a huge return, your downside is limited, as you’re always guaranteed to at least get back the amount of your investment. This can be a good option for retirees who want a chance at a return higher than a straight CD can offer while still protecting their principal.