Retirement is a sought-after goal for most. But ensuring that you’ve saved and invested properly is key to setting yourself up for a successful retirement.

Read Next: Here’s Why You Might Want To Invest Your Retirement Savings in a Roth 401(k)

For You: 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth

For boomers planning to retire on their own, here are some key investments to consider that financial experts told GOBankingRates are good options.

Also see the six best types of investments if you want to retire early.

Dividend-paying stocks can provide consistent income while maintaining growth potential, according to Christopher Stroup, CFP, founder and president of Silicon Beach Financial.

Additionally, it’s important to ensure the portfolio of stocks is diversified too. “For boomers retiring solo, diversification across sectors helps reduce risk and smooth returns,” Stroup said. “Pairing dividend income with a broader withdrawal strategy ensures sustainability without eroding principal too quickly. A balanced equity allocation can support both income needs and long-term growth.”

Learn More: I Help People Retire Every Day — Here’s the Most Common Retirement Mistake People Make

Stroup is also a fan of municipal bonds for retirees seeking stability and tax efficiency. According to him, their tax-free income can help offset Social Security taxation and reduce overall liability in retirement.

For solo retirees, laddering maturities provides predictable cash flow while managing interest rate risk, making them a valuable complement to growth-oriented investments, Stroup said.

Per Stroup, a Roth IRA can be a powerful tool for solo retirees looking to control their tax bracket in retirement.

“Since withdrawals are tax-free, they provide flexibility to manage required distributions, avoid higher Medicare premiums and preserve other taxable accounts,” Stroup said. “Strategic Roth conversions before retirement can unlock even greater benefits.”

Stroup said that for boomers without a partner’s income to lean on, immediate annuities can offer guaranteed lifetime payments and peace of mind.

Allocating a portion of savings to an annuity ensures a baseline of predictable income, reducing dependence on market performance and helping cover fixed expenses throughout retirement, according to Stroup.

Charles Urquhart, CFA, founder of Fixed Income Resources LLC, said boomers should consider short-to-intermediate Treasurys.