I want to invest some money for my old age. what are the safest optiions?

If you choose the safest option, will will most likely be eating dog food when you retire. The safest option is U S t-bills at about 5% currently.

To get beyond the dog food stage you are going to have to take some risks. Higher risks means higher returns. You did not mention your age. I am going to assume you have at least 20 years and hopefully more like 30 years until retirement.

step 1. Open a Roth IRA account either with a mutual fund or an on line stock broker. If you make less than $95,000 a year you can deposit $4000 a year into the account. All money earned in a Roth IRA account is tax free. Read that sentence again.

step 2. If you open an account with a mutual fund company such as Fidelity, Vanguard, or T Rowe Price, they have a very wide selection of mutual funds to choose from. For the least risk, begin by choosing a broadly diversified fund. They even have no brainer funds that allow you to plunk your money into a target retirement date fund. Sort of takes the fun out of investing. For example the Fidelity 2035 fund for those retiring about 2035. Here is a link to it.

http://personal.fidelity.com/products/funds/mfl_frame.shtml?315792655&refpr=zrich64

It has been returning about 10% annually, about average for mutual funds. The risk is somewhat below average, but decidely much higher than U S t-bills.

Personally, I would prefer to pick and choose among the many other offerings that Fidelity has, attempting to beat the 10% average.

For example:

http://personal.fidelity.com/products/funds/mfl_frame.shtml?316390855

has returned a whopping 17% annual return over 10 years. But there is a whole lot more risk than with the target 2035 fund.

The "Safest" are US government Treasuries.

But depending on your age and risk tolerance, you may want to consider higher risk investments that can provide a higher return than treasuries (Bonds, Mutual Funds (or ETFs)).

Check out the links below to learn more about your options.

I would suggest you invest in shares. Check the website http://money-review-site.com/shares.html
to learn more on shares and stock trading and how to select the best stocks.
Hope it helps

http://money-review-site.com/shares.html

Safest wrong & dangerous word. In a bank it is "safe" to say you will lose purchasing power to taxes & inflation so you will fail. If your money after taxes goes up 3% & inflation is 4% you have more money that is worth less. A disaster. You have to have equities. There is no option to that. Just start now

Mutual Funds go to Vanguard.com They are very good and can get you started.

Public Providend Fund.

depending on the dollar amount you're talking about... spread things out. I try and buy 10 stocks a month for my 2 childrens future.
Look around. What do you use? Microsoft, GE? Fast food is going by the way side in years.. But Pepsi and coke are buying up small comapnies who have gone organic because caffine usage is down. Like I said, look around your house, your friends home, business...The most commonly used products is key. And it's for your future.

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