The second quarter of 2006 saw stocks slog their way through light volume as investors fought through geopolitical concerns, inflation fears and a dramatically slowing Chinese economy. While the stock market continues to thwart investors, the non-traditional investment market is gaining increased market share. Investing IRA and 401(k) funds in non-traditional investments such as real-estate, tax liens, property, or even funding a business or franchise was all but unheard of even five years ago. Today however, baby boomers have the opportunity to generate higher and more secure returns than the stock market can offer. Since 2000, investor participation in such investments has nearly doubled and is projected to account for 20 percent of the investment market by 2015.
Patty Servaes of Massachusetts recently used her 401(k) funds to start a new business. She states that “business has been doing great. I love it. Honestly, without [the company who established my self-directed 401(k) plan] I don't think I ever would have pulled the trigger because I would have been too nervous to take on that kind of debt [using SBA or other standard financing]. This option just really fit with my personality and risk-taking profile.”
Patty is just one of many who have retired but want to continue working to further their retirement profile. David Nilssen, CEO and Co-founder of Guidant Financial Group states “non-traditional investments are not securities; however, unlike the stock market they do offer secured returns.” Nilssen continued, “with self-directed IRAs you have complete freedom and control of your retirement funds, which can create endless possibilities. After all, no one cares more about your retirement than you do."
For more information on self-directing your retirement funds, locate the credible retirement account facilitators, and determine which one offers the best price and service package to meet your specific needs.
By: Ryan Myers
Tuesday, December 9, 2008
Real Estate Investing For Your Retirement
Are you going to be able to retire? And if you do, will you be in a position to enjoy your life, pay medical bills and maintain an acceptable level of health?
Those can be chilling questions if you haven't thought about them much. If you haven't given them adequate thought, that means you haven't prepared for certain inevitabilities.
Real estate investment can help you answer those questions and remove that chill factor.
Let's face it. Not only will you not want to spend your golden years working, you may not be able to, regardless of whether you would like to. You may live well up into your 80s or 90s and be unable to do the job you are doing today—or any job for that matter.
You need to lay the foundation of security and happiness for your future self. Real estate can help you do that.
This is because, as your investments age, they should be making more and more money for you with less and less work output from you. It's a sort of financial magic that will serve you especially well in later years. That's why people get into investing in the first place.
In order to prepare for your retirement in this way, however, you must examine your core. That means that you will need to make sure your needs are taken care of in such a way that you don't have to spend all of your time scrounging for pennies. You need the time to learn about real estate, and working in someone else's office for peanuts isn't going to get you that.
According to Robert Kiyosaki, author of the Rich Dad book series, you need to build a business system that can operate without you, thereby making money without working for it. Then take a portion of that money and invest it, thereby exponentially increasing your earning potential. Have you heard of making your money work for you instead of vice-versa? That is what this means.
As you grow older, you should be working less, not more. This is partly because your ability to work will decrease. But it is also because you deserve to be able to work less and enjoy your life more. Retirement isn't about being forced out of a job—or at least it shouldn't be. It should be about leaving a job to catch up with your life. To spend time doing the important things like hanging out with family and friends, engaging in hobbies that you enjoy and becoming involved in life-enriching activities such as spirituality or art. Not to mention getting enough exercise.
If you are in a job now that doesn't allow you to do these things because it doesn't pay enough or because you don't have enough time left over in the day to learn to make a change, then consider switching to a job that pays more or gives you more time. Develop a business system in which you can train people to do the work for you. Then, when that is up and running, and providing you with the money and time you need, start learning about real estate.
Put your extra money into real estate investment—but don't put in more than you can afford to lose on the learning curve. Real estate investment is a skill like any other and you will make mistakes. Don't be the farm on your first few purchases. In fact, don't bet the farm at all. Make sure you are making enough money to live on, and then enough money to invest on.
After a while you should see your money start to grow exponentially. Then you are on your way to a happy retirement.
By: Alex Anderson
Those can be chilling questions if you haven't thought about them much. If you haven't given them adequate thought, that means you haven't prepared for certain inevitabilities.
Real estate investment can help you answer those questions and remove that chill factor.
Let's face it. Not only will you not want to spend your golden years working, you may not be able to, regardless of whether you would like to. You may live well up into your 80s or 90s and be unable to do the job you are doing today—or any job for that matter.
You need to lay the foundation of security and happiness for your future self. Real estate can help you do that.
This is because, as your investments age, they should be making more and more money for you with less and less work output from you. It's a sort of financial magic that will serve you especially well in later years. That's why people get into investing in the first place.
In order to prepare for your retirement in this way, however, you must examine your core. That means that you will need to make sure your needs are taken care of in such a way that you don't have to spend all of your time scrounging for pennies. You need the time to learn about real estate, and working in someone else's office for peanuts isn't going to get you that.
According to Robert Kiyosaki, author of the Rich Dad book series, you need to build a business system that can operate without you, thereby making money without working for it. Then take a portion of that money and invest it, thereby exponentially increasing your earning potential. Have you heard of making your money work for you instead of vice-versa? That is what this means.
As you grow older, you should be working less, not more. This is partly because your ability to work will decrease. But it is also because you deserve to be able to work less and enjoy your life more. Retirement isn't about being forced out of a job—or at least it shouldn't be. It should be about leaving a job to catch up with your life. To spend time doing the important things like hanging out with family and friends, engaging in hobbies that you enjoy and becoming involved in life-enriching activities such as spirituality or art. Not to mention getting enough exercise.
If you are in a job now that doesn't allow you to do these things because it doesn't pay enough or because you don't have enough time left over in the day to learn to make a change, then consider switching to a job that pays more or gives you more time. Develop a business system in which you can train people to do the work for you. Then, when that is up and running, and providing you with the money and time you need, start learning about real estate.
Put your extra money into real estate investment—but don't put in more than you can afford to lose on the learning curve. Real estate investment is a skill like any other and you will make mistakes. Don't be the farm on your first few purchases. In fact, don't bet the farm at all. Make sure you are making enough money to live on, and then enough money to invest on.
After a while you should see your money start to grow exponentially. Then you are on your way to a happy retirement.
By: Alex Anderson
California Real Estate Investing – Three Important Things To Note Before Investing There
California is, no doubt, the jewel on the Pacific coast of USA. It has enchanting natural beauty and abundant resources that have attracted thousands in search of a better life. California real estate investing, therefore, is the ideal way to capitalize on the great opportunities available in the state.
California has all the ingredients that make it attractive to those who wish to move in there. It offers a sophisticated urban lifestyle, great educational opportunities from kindergarten through university, good business environment, recreational facilities and artistic avenues. From the sun-kissed beaches of San Diego to the studios of Hollywood and the digital revolution spurred on in the Silicon Valley, all represent a fine blend of natural endowment and human ingenuity. The state’s population is multi-ethnic and the humming cultural scene reflects this trend.
Whether you wish to make California your home or earn returns that are inflation-proof, California real estate investing is one decision you would never regret.
The instant image that strikes one when discussing real estate in California is of the multimillion-dollar mansions of the rich and famous. Majestic in size and design and lavish in detailing, these homes represent the ultimate in luxury that money could buy. Does that mean a small investor can never buy property in California?
The answer is an emphatic no. Here are a few things one should keep in mind while scouting for California real estate investing opportunities.
• Localize your search and narrow down your criteria in specific terms, as it would make you focus only on those properties that meet your budgetary and other constraints. Not doing so would mean getting lost in the plethora of tempting properties that are well, not affordable by you.
• California has a well-regulated real estate industry. The real estate agents and brokers work under license from the state administration. Tie up with an experienced agent who has a large number of property listings to offer you.
• Look for properties in locations with good growth potential. They would be cheaper to buy but would show considerable appreciation later on. Inspect several housing options like single homes, condos, units and apartments. For commercial property, think of the business potential in the area. Arrange for an objective inspection to bring out the negative aspects, if any, in the property. In short, do thorough research before choosing the property.
• Familiarize yourself with the regulations governing real estate transactions. These formalities are meant to remove misconceptions and provide transparency in dealings. Never attempt to bypass any regulation for the sake of convenience.
Copyright © 2006 Joel Teo. All rights reserved.
California has all the ingredients that make it attractive to those who wish to move in there. It offers a sophisticated urban lifestyle, great educational opportunities from kindergarten through university, good business environment, recreational facilities and artistic avenues. From the sun-kissed beaches of San Diego to the studios of Hollywood and the digital revolution spurred on in the Silicon Valley, all represent a fine blend of natural endowment and human ingenuity. The state’s population is multi-ethnic and the humming cultural scene reflects this trend.
Whether you wish to make California your home or earn returns that are inflation-proof, California real estate investing is one decision you would never regret.
The instant image that strikes one when discussing real estate in California is of the multimillion-dollar mansions of the rich and famous. Majestic in size and design and lavish in detailing, these homes represent the ultimate in luxury that money could buy. Does that mean a small investor can never buy property in California?
The answer is an emphatic no. Here are a few things one should keep in mind while scouting for California real estate investing opportunities.
• Localize your search and narrow down your criteria in specific terms, as it would make you focus only on those properties that meet your budgetary and other constraints. Not doing so would mean getting lost in the plethora of tempting properties that are well, not affordable by you.
• California has a well-regulated real estate industry. The real estate agents and brokers work under license from the state administration. Tie up with an experienced agent who has a large number of property listings to offer you.
• Look for properties in locations with good growth potential. They would be cheaper to buy but would show considerable appreciation later on. Inspect several housing options like single homes, condos, units and apartments. For commercial property, think of the business potential in the area. Arrange for an objective inspection to bring out the negative aspects, if any, in the property. In short, do thorough research before choosing the property.
• Familiarize yourself with the regulations governing real estate transactions. These formalities are meant to remove misconceptions and provide transparency in dealings. Never attempt to bypass any regulation for the sake of convenience.
Copyright © 2006 Joel Teo. All rights reserved.
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