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.
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 from the can, but even dog food might be out of reach.
So what are we going to do?
Simply, we will have to work until we die. That is the new Baby Boomer Retirement Plan.
Or, we could try something new. We could determine that we will retire within the next 15 years NO MATTER WHAT.
So how are we going to do that?
We are going to set up a SELF-DIRECTED ROTH IRA RETIREMENT PLAN.
We are going to invest in things that will give us a much higher return than the traditional stocks and bonds (and funds, ETFs, etc.) that mainstream wealth managers specialize in.
There is a reason they specialize in those products. It is because that is the licenses they hold, AND IT IS EASY.
For the last 10 years they (the wealth managers) have given us about a 4% return on our assets, year after year. Previously, they were giving us about 8% over the last 25 years. Even at 8%, we will NEVER have enough money to retire. We need a higher return if we expect our wealth to grow to 2+ million dollars.
And we will need at least two million dollars (exclusive of our primary residence) if we want to retire and continue our lifestyle.
So, how do we do that?
We need to invest in things that give us a return above 12%.
Yes, we need a higher return on invested capital.
I don’t think you can do that if you leave your retirement funds with the traditional fund managers.
But, a SELF-DIRECTED ROTH IRA that invests in various real estate related products can achieve those kind of returns.
Think about this: an investment in real estate that grows at 5% per year, but only requires that you put 20% down, you’ve made a 25% return on investment.
Maybe your retirement plan cannot make that investment on its own, but it could invest with others (a group investment or a syndication) and make that investment. Maybe you will only get a 20% ROI (return on investment), but it sure beats 8%, and its just as easy.
All you need to do is set-up the Roth IRA and put it with a wealth manager that specializes in REAL ESTATE and handles small accounts.
Most wealth advisors or wealth managers are only interested in you IF YOU HAVE $500,000 or more to invest. They charge a 2% fee (on average) for ASSETS UNDER MANAGEMENT (AUM) and they want that fee to exceed $10,000 for each “client.” EVERY YEAR.
Some of us aren’t that greedy. We take everybody. We know that eventually you will have more than $500,000. And we only charge 1% (but with a $2,500 minimum).
What are the kinds of investments that we specialize in? Of course, they are real estate related, but not what the “average guy” thinks of as REAL ESTATE.
As already mentioned we invest in syndications (group investments), But we also invest in notes on real estate (mortgages), both performing and non-performing. We either rehabilitate those non-performing notes or fore-close them. Either way we win.
We also invest in properties with delinquent taxes. We either get a high interest rate on the invested capital or we get the property. Again, 18% ROI is the lowest return we expect to make.
We also invest in land. Land that we can develop or land that we think will go up in value over the next ten years.
We also invest in start-ups, especially start-ups that occupy space in one (or more) of our properties.
We are very high on small farms. We like to own them. We like to develop them. We like to manage them, and of course, we like to sell them.
And, as part of our farm program, we offer custom grazing. That is where you own the cow or steer, we take care of it for you, and buy it from you, or sell it for you at the end of twenty-four months. Generally speaking, this is about a 50% ROI program.
And, of course, we do traditional property management.
The “idea” is that we provide a way for you to achieve returns on investment significantly higher than traditional wealth managers can give you.
We are committed to growing your wealth to a level that will provide you with enough income to retire AND maintain your lifestyle.
We do it all for you. All you need to do is to continue to contribute to your Self-directed Roth IRA every year, and direct the custodian to “forward” your contribution to your IRA (after you have established it, of course and we can help you with that, as well).
It’s EASY, but, you need to take action NOW.
Forget the dog food. I see filet mignon in your future.