bill roberts baby boomer retirement planner: So What Are You Going To Do About It? by Bill Roberts - 12/05/19 08:38 AM
You’ve Been Screwed. What Are You Going To Do About It? By Bill Roberts
If we take the time period from the end of WWII (that’s World War 2) to the present day, our money has “lost” about 99% of it’s value. The exact calculation is impossible to compute because technology has changed our standard of living to the point that we cannot compare what things cost then with what we have to pay today.
However, a loaf of bread or a gallon of gas was 25₵ then. Now it is about $5 (here in San Diego anyway, but maybe less where you … (2 comments)

bill roberts baby boomer retirement planner: Do You Believe In Real Estate? By Bill Roberts - 06/07/19 10:40 AM
Do You Believe In Real Estate? 
If you say that, “Yes, I believe I  Real Estate,” then why do you have the majority of your “investments” in the stock market?
Your retirement account(s) are held by trustees or custodians that can only invest in the equity markets (another name for Wall Street). It isn’t that it is against the law for them to invest in real estate, but rather that they don’t understand real estate, and they don’t have the necessary licenses. They are stock brokers, commodity brokers, and insurance agents. They are NOT Real Estate brokers.
They “invest” your money in “things” … (16 comments)

bill roberts baby boomer retirement planner: Are You Scared? Is Poverty In Your Future? By Bill Roberts - 02/01/19 08:46 AM
Are You Scared? Is Poverty In Your Future? 
They say 10,000 Baby Boomers are retiring every day.
I don’t think so.
Maybe 10,000 are turning 65 every day, but they can’t retire.
According to the major custodians of our retirement funds, most of us (about 90%) have $100,000 OR LESS to carry us through our Golden Years.
Really?
Even with Social Security and a few other investments, that is only enough to carry us for about three years. After that we will be plunged into poverty (if we are not there already).
What a scary thought.
I  used to say we would be reduced to eating dog food straight … (10 comments)

bill roberts baby boomer retirement planner: Real Estate In Small Bites II by Bill Roberts - 11/30/18 09:11 AM
Real Estate In Small Bites by Bill Roberts
Everybody wants to get in on the game, but the admission price is out of reach for most people.
It is far easier to just “save” your money in the bank, or even in a money market account with your stock broker. You know that you won’t get a good return on your “investment” but what are you to do?
You see people making huge returns on their real estate investments, but you just don’t have enough money available for investing to actually buy something. Real estate is expensive. Even the down payment (if you could … (24 comments)

bill roberts baby boomer retirement planner: 40 Acres and a John Deere Tractor, chapter 2 by Bill Roberts - 11/28/18 01:10 PM
40 Acres and a John Deere Tractor, chapter 2 
“OK, Let’s Do It”
It is reported that when Frank Sinatra read the script for Ocean’s 11 he said “OK, Let’s do it.”
They weren’t sure if he meant make the movie, or rob the casino.
I think he got more from the movie than he would have from the casino.
Anyway, after I wrote “40 Acres and a John Deere Tractor,” and the conversation I had with my commenters, I said “Let’s do it.” Of course I said it to myself.
So, the next step was convincing my wife that this would be good move.
We   have pretty … (12 comments)

bill roberts baby boomer retirement planner: Do You Belong to Facebook or LinkedIn? by Bill Roberts - 09/14/18 10:31 AM
Do You Belong to Facebook or LinkedIn?
It seems that we cannot exist without social media, but who is really benefitting from our involvement?
Sure, we can stay connected to our friends, colleagues, and clients, but who is getting rich?
Quite simply, it is the social media companies. Google is poised to become a TRILLION DOLLAR COMPANY. Their products are invaluable to us, but very valuable to them. You BELONG to them.
I’ve resisted advertising on those platforms. I know a lot of you do. Where does the money go? Does it flow into your pocket? Or does it just make the social media platform … (10 comments)

bill roberts baby boomer retirement planner: Forty Acres and a John Deere Tractor by Bill Roberts - 09/07/18 01:15 PM
Forty Acres and a John Deere Tractor
After the Civil War it was said that the freed slaves would get 40 acres and a mule.
I don’t know if any of them “collected” that or not, but it was a good idea.
They could make a living doing what they had always done – FARM.
Actually, most of us could benefit from the modern-day equivalent: 40 acres and a John Deere tractor.
Forty acres of farm land FREE AND CLEAR and a paid-off tractor is all that most families would need to survive.
Maybe you wouldn’t be able to buy a new car every other year, or … (34 comments)

bill roberts baby boomer retirement planner: Thinking About Retirement?, Part IV by Bill Roberts Retirement Coach - 08/27/18 01:03 PM
 
 
Thinking about retirement is a good beginning, but you need to do something about it also.
You need to do something about it NOW.
The very best place to start is by setting up a Self-Directed ROTH IRA.
I realize it is a little more difficult than just calling Fidelity and saying you want to roll-over your 401(k) into an IRA. Sure, you could do that. And it would be easy, but it won’t get you to the finish line.
The Finish Line
So what is the Finish Line? It is enough wealth accumulated so that you have enough money to enjoy your retirement.
This is going to … (2 comments)

bill roberts baby boomer retirement planner: This Is My Story, and I'm Sticking To It by Bill Roberts - 08/08/18 07:11 AM
Back in 2012 I was wondering what I could do to get some extra cash each month.
My wife had a friend that was doing well in her network marketing opportunity.
Irene (my wife) talked me into going with her to a presentation with her friend. It was Melaleuca. I had never heard of it, but my wife wanted to try.
OK. The products were good, but a little pricey. They needed enough profit to pay everybody involved.
We bought enough every month to qualify for commissions. We did this for about six months. The stuff was beginning to pile up in the house. We … (5 comments)

bill roberts baby boomer retirement planner: Building For Your Retirement by Bill Roberts - 07/12/18 09:35 AM
Building For Your Retirement
Whenever I teach Baby Boomer Retirement Planning I start at the beginning. And that is “How much does it cost you to live each (and every) month? And then I explain that when you retire it will cost you more. About 20-25% more. Why? Because when you retire “every day is Saturday.”
So the problem is having enough income coming in each month to  cover all your expenses.
How do you accomplish this?  Work until you die? That is the solution for most Boomers, but it isn’t the only solution.
Residual income is the answer.
And a good source of residual … (18 comments)

bill roberts baby boomer retirement planner: More Multiple Streams of Income by Bill Roberts - 05/01/18 09:49 AM
More Multiple Streams of Income
As you know, I advise members of our generation (Baby Boomers) how to actually be able to retire (someday).
The old ways just don’t work. That is why about 90% of  us can NEVER RETIRE.
Retirement is expensive. In most cases it will cost us 20% MORE each month to live after we quit working than it does during our working years.
In a nutshell, this is because we will have more opportunities to spend money. “Every day is Saturday.”
So, if it is going to cost us more to live, then it should be obvious that we are going … (0 comments)

bill roberts baby boomer retirement planner: Why Am I Broke? by Bill Roberts, Wealth Coach - 04/26/18 03:31 PM
Why Am I Broke?
This is a question that many Baby Boomers ask themselves a few years into their retirement.
It is not a question they wanted to ask but it is inevitable anyway.
Most retirement planners only know one approach to retirement: SPEND DOWN YOUR ASSETS.
They believe that your working years are to be used to build up your assets. And when you choose to retire you will spend down your assets (until they are gone). In other words, until you are broke.
So here you are asking yourself WHY AM I BROKE?
Really?
The fault is yours as well as the planner’s. You believed … (4 comments)

bill roberts baby boomer retirement planner: The "One Hit Wonder" by Bill Roberts Wealth Coach - 10/22/17 09:05 AM
The "One Hit Wonder"
Back in the 1950s when I was growing up, I first heard the expression "one hit
wonder."  It referred to a singer that had one hit record and then was heard from no
more.  There were a lot of them.
And then in 1977 there was another "one hit wonder" but she WAS heard from again. 
And again. 
Debby Boone (the daughter of pop singer Pat Boone and a distant relative of Daniel Boone) had one hit record, "You light up my life."
The difference was that Debby Boone made a whole career out of that one hit.
 
The idea of a "one hit wonder" … (2 comments)

bill roberts baby boomer retirement planner: Thinking About Retirement?, Part III by Bill Roberts Retirement Coach - 10/21/17 07:49 AM
BEWARE
If you make this mistake you WILL regret it all the days of your life
The typical Retirement Planner's approach to YOUR RETIREMENT is predictable. He (or
she) will put your retirement assets (your money) into an annuity that will pay you a
certain amount for a period of time.
The challenge is to stretch those payments out long enough to cover ALL of your
remaining years.
But if you live too long, you will probably end up broke.  You will be forced to live with
your kids (or grand kids, if they will have you). And you will probably have to eat dog
food straight from the can.
Almost … (10 comments)

bill roberts baby boomer retirement planner: Thinking About Retirement? Part II by Bill Roberts Retirement Coach - 02/20/17 12:18 PM
Thinking About Retirement?  Part II
OK, so you do want to retire eventually, and you have decided to seek
the aid of a Retirement Coach/ Wealth Coach to help get you there.
The first thing you must do is get an initial consultation with a coach to
discuss where you ARE and WHERE you want to go.
In preparation for this consultation you should get together a list of all
of your assets.
Also, you need to put together your budget for what it costs you to
live (NOW) and what changes you will make when you retire.
Your Coach will also need to know about your income, and if … (14 comments)

bill roberts baby boomer retirement planner: Sepsis? What the Hell Is Sepsis? Pt II by Bill Roberts - 02/20/17 11:09 AM
I just spent another four days in the hospital.  it seems that because I have been asthmatic since childhood I am very susceptible to every bad thing that is floating along in the air. And there have been a lot of bad things in the air this year.
Oh well, we all get sick from time to time. This is just my time. Thankfully, I missed the big storms that everybody else had to deal with.
Every cloud has a silver lining.  And the view from the hospital window of the Torrey Pines Golf Course and the Pacific Ocean beyond is worth the price.
Anyway, … (13 comments)

bill roberts baby boomer retirement planner: Thinking About Retirement? by Bill Roberts Retirement Coach - 02/11/17 09:30 AM
 
Thinking About Retirement?
Most Baby Boomers CANNOT retire. They just don't have enough
money set aside to provide a monthly income sufficient to pay all their
living costs.
And forget about Social Security. There is no way you can live on the
pittance they give you.
So you have reached out to a financial planner for help. And they said
"you don't have enough assets for us to be able to help you." They
want you to come to them with $500,000 or better yet, a million
dollars just to get started with them. If you had a million bucks you
probably wouldn't need their help.
So, what are you going to … (24 comments)

bill roberts baby boomer retirement planner: Mulligan Stew by Bill Roberts - 12/30/16 01:51 PM
 
 
 
 
 
Mulligan Stew
Several years ago I made the decision to close my office and just work
from home. Well, guess what? It didn't work for me.
 
I realize that some agents can work from home, but my business
model requires meeting with both buyers and sellers face-to-face and
at my office. I sell businesses.
 
When I chose to close my office the business was at a low ebb. For the
first time in our history business closings out-paced business
openings. To prove this all you need to do is look around you. There
are VACANCIES IN COMMERCIAL SPACES ALL OVER THE PLACE.
Take it to the bank
Also, many buyers of small businesses … (27 comments)

bill roberts baby boomer retirement planner: Utopia by Bill Roberts, The Baby Boomer Retirement Planner - 02/15/16 02:45 AM
Utopia
Definition: (1516) A book by Sir Thomas More that describes an
imaginary ideal society free of poverty and suffering. The expression
utopia is coined from Greek words and means “no place.” Note: By
extension, a “utopia” is any ideal state.
My version of Utopia is a self-contained, self-sufficient town of like-
minded individuals that "ADD" to the value of the community rather
than "subtract" from it.
The water is "drinkable" from the tap,  bottled water has no place here.
And all water is indefinitely "re-cycled" so there is NEVER a water
shortage.
The sun shines, the winds blow, and the rains come so that energy and
water are continually replaced and augmented. … (24 comments)

bill roberts baby boomer retirement planner: Bill Roberts, The Baby Boomer Retirement Planner - 12/31/15 01:03 AM
Bill Roberts, The Baby Boomer Retirement Planner
I'm not a financial Planner. A Financial Planner is usually an insurance
salesman or a stock broker. A wolf in sheep's clothing?
I am a Real Estate Broker.
I am also a Retirement Planner / Coach.
For the last 50 years or so, my generation has relied upon retirement
planning from Financial Planners. Where has it gotten us? Less than ten
percent of us are able to retire.
The retirement plan for most BABY BOOMERS is to work until you die.
I think there is a better way.
By utilizing real estate (which most insurance agents and stock brokers
CANNOT sell) you can achieve a net … (23 comments)

 
Bill Roberts, "Baby Boomer" Retirement Planner (Brooks and Dunphy Real Estate)

Bill Roberts

"Baby Boomer" Retirement Planner

Oceanside, CA

More about me…

Brooks and Dunphy Real Estate

Address: P.O. Box 712501, San Diego, CA, 92171-2501

Office: (619) 244-4610

Mobile: (619) 244-4610

Email Me

Everything that the "Baby Boomer" needs to make sound financial decisions regarding real estate investing and retirement planning. Business Opportunities, self-directed IRA retirement plans, and mortgage strategies.


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