5 Ways to Trade Options for Retirement

Building a retirement nest egg isn’t easy. You’ve got to be disciplined, cautious and careful — and some would argue that you also must be ultra-conservative with your money. These ultra-conservative types usually tell you that the key to building your retirement funds is to employ strategies such as buying and holding stocks for the long run, or dollar-cost averaging blue-chip companies. They may also advocate buying index mutual funds or exchange-traded funds (ETFs), and then just letting time act as a wealth multiplier. And you can bet that nearly all of the adherents to this school of thought would frown on using options to build your retirement account.

This is a big mistake! Options can — and should — be used to help supercharge your retirement accounts. And the beauty of trading options is that most options-oriented brokerage firms allow you to do all kinds of options trading in your IRA depending on your trading approval level.

So let’s look at five option strategies that can help you build your retirement nest egg.

Learn 7 Reasons You Need a Broker Who Specializes in Options.

Next: Buying Calls With the Trend