An important question to ask before investing for retirement.

Reblogger
Real Estate Agent with LAER Realty Partners

Any investment can be for cash flow or for appreciation.

However, Richard Weisser has a different question.

An important question to ask

before investing for retirement.

Original content by Richard Weisser

What is one of the most important yet rarely asked questions about saving for retirement?

This one eluded me at the time I was saving and now it's a cause of concern.

I believe that everyone pays attention to where and how their money is invested. They pay attention to management fees and the safety of their hard earned money.

And most qualified financial advisers can offer guidance and direction based on historical data and personal experience. And they can set up many vehicles for getting your contributions invested as conveniently as possible.

So what's the question I forgot to ask?

"How do I get my money out when I need it."

I am finding out that many of this investment firms are set up to TAKE your money, but getting it out requires pages of paperwork, medallion signature guarantees, and weeks of time. Say what?

Always ask about the redemption process. You might be surprised at how these vary from company to company.

 

 

All content, including text, original art, photographs and images, is the exclusive property of Coweta Fayette Real Estate, Inc., and may not be used without the expressed written permission of Coweta Fayette Real EstateNewnan Georgia. All information is believed to be accurate but is not warranted, Copyright 2003-2016. Richard Weisser REOS, E-Pro. licensed Auctioneer. 770-827-6225.
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Comments (5)

Dennis Swartz
Full Circle Property Management - Columbus, OH
MBA, GRI...experience counts!

You are right-getting it out is way harder than putting it in, and takes way longer. You need to plan.

Aug 24, 2016 07:28 PM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

That is a really good question.  One company I have money invested in wants me to give them more for an annuity - I told them I don't want to tie all my money up into a small dribble a month!

Aug 24, 2016 08:56 PM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Praful. They make money taking your money and not giving it back! Ask questions! Enjoy your day!

Aug 24, 2016 09:48 PM
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Yikes! I never asked that question, but fortunately for us, all we do is call our financial advisor, he sends us a form to sign, and transfers the money to our preferred bank.

Aug 25, 2016 02:41 AM

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