Retirement Planning Now

If you are of a certain age, you well know that you need to take your

retirement seriously and grab it by both your hands, if you want to have the funds necessary to continue in a lifestyle you consider a quality life. We are no longer in our parents or grandparents retirement economy. The day is gone when you were employed by one company for 20, 25, or 30 years and got your gold watch. With the exception of municipal workers or the auto workers, it is rare that anyone lasts that long in one place. The average these days is 7 different companies over a life-time career.


So, not to have our hard earned dollars slip by the way-side, take control now.

The different types of retirement plans are:

Keough plans

401 (K) plans

IRAs known as individual retirement plans

Company sponsored qualified pensions or profit sharing plans


Most plans are tax deductible and taxes not paid until you receive your retirement funds. Recently, there has been what is called a Roth IRA

which is not tax deductible. However, you will get your money tax free with this IRA when you withdraw and don’t have to withdraw your RMD (required minimum distribution) at 70 ½ years of age with the Roth.

Consider (if you can) not putting all your eggs in one basket. I know the real estatemarket is not where it was and will take countless years to ever get back to the extreme values. We really are where they should be. Anyway, a real estate investment either on your own or with a REIT

(real estate investment trust) is another way to help secure your future. Imagine owning a few rental homes. That’s if you can take the

‘toilets & tenants’ pressure. Are there risks to this type of investment?

Yes, you bet. I’ve had to evict tenants. Remember, most multi millionaires were made during the depression by acquiring real estate.


Always secure an expert in any endeavor you peruse. However, you

stay in charge.