Tag: retirement

The Real Smart Thing To Do With Your 401(k) Is To Invest In Real Estate

We let the younger, up and coming generation make mistakes and we watch, vigilantly, to point them out to them…to laugh at them…but really so we may learn from them. They think they are learning from us? Hah. No, elders learn (also) from the babes.

Millennials Are Doing 3 Things Wrong With Their 401k Investing…Poor Baby-Adults.

Check out this trickle from the top-down:

  1. NOT having one.  Read more here.
    • Many millennials are opting out of starting a 401(k). It’s easy to imagine how that’s possible. It’s called the try-it-out-20’s. If I’ll be at this job for an unknown, maybe shorter, amount of time I may not see the point of starting another retirement plan to deal with.
      • It’s like a couch you don’t want to carry home from a good garage sale when you know you’ll be moving…you know, some time.
        • That’s the reputation that millennials have in jobs: they don’t stay. Let’s argue that why should they? Finding a niche can take time, and it’s appropriate to give your career room to breathe.
          • It’s known that the silent generation, or traditionalists as the more flattering title, want a Legacy. This would coincide with a 401(k).
            • The baby boomers want a Stellar career, and work really hard, generally. Probably work even though they are collecting retirement. Perhaps they didn’t have or didn’t have a 401(k) soon enough…trends skip a generation.
              • Gen X want a portable career…with meaning, so they get globalization and want to be the bosses with their millennial minions.
                • And the Millennials prioritize jobs with meaning, but also this other thing: parallel careers. If only Millennials would put as much of that multitasking into investing…
  2. Not investing appropriately. Read more here.
    • A generation that is more liberal than all the others socially is more comfortable calling themselves conservative investors.
      • It’s like millennials trust cash more than a 401(k). 39% of those under age 30 chose cash as their preferred way to invest the money they don’t need for at least 10 years.
        • This generation is three times more likely to have cash instead of investing in stocks.
          • This love of cash will really freak out the 65% who DO have a 401k and notice that 80% of their account balance is in equities, says an ICI/EBRI report.
            • They might sell when they see the expected, natural yet extreme losses that can happen over the supposed long life of the investment. That brings us to point #3.
  3. Pulling money out of 401(k) Plans Prematurely. Read more here.
    • Fidelity discovered that 41% of 20 to 39 year-olds were cashing out their 401(k) after leaving their job.
      • This is the long-term equivalent to shooting yourself in the foot. And isn’t recommended BECAUSE….

One Smart Thing To Do with Your 401(k) Is to Put The Money Into REAL ESTATE

Now – wait a second. You aren’t allowed to invest a 401(k) into assets. That’s right. So, turn your 401(k) into something else.

This guy, Larry Breen, sees the secret. Invest your 401(k) into Real Estate, IF you first change it to a self-directed IRA. Because your minimum distribution included real estate and rental income you can shave some off the top to put into assets, that also make money perhaps through renting and/or flipping…the profit rolls into your account, IT DOES NOT DIRECTLY GO TO YOU. It goes back into your account, and that why it’s called real estate investment, not real estate pay out.

The theory is you can turn a 50,000something investment into a 70,000something while ALSO pulling returns on that 20,000something…making yourself more and more money.401(k)

Normally You Cannot Use A 401(k) for buying property…of course because that would be a profitable option. Of course the thing that makes sense isn’t easy. But here is the secret.

You can roll it over into a IRA tax-free account and use the proceeds to invest in real estate, although you cannot actually manage your own property in that case. You’d need a property manager – less work for you.

RECAP / The Old Adage Is True: You Have To Have Money To Make Money

Most people have money…that they cannot touch…in a 401(k). Increase your 401(k) by turning it into a self-directed IRA, buy the property, hire a property manager (consider this a an investment into your 401(k) even though it’s out of pocket), pull the extra income back into the account and you have treated yourself like your own employer putting 4 or something% into your account monthly…

This is how to be a old millionaire…or a start.

If you don’t get this at all…don’t worry…start here, click to learn: 401(k) For Dummy’s.  

Click here to get started – and perhaps the narrow road, with slighly more red tape is how you’ll get rich without much work…ahh, the subtext of the American Dream.



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Bend Toward South Bend, Indiana, for Retirement Prospects

They call this state the “Crossroads of America,” and for good reason. Indiana’s a hometown, a go-to, a throwback, a place where time seems to stand still. Urban legends exist there; folk tales reside within the cities of this state, but here’s the big question — is it necessarily a great place to retire in? Try South Bend for starters.

Why South Bend, Indiana, Ranks Up There for Retirement

Bear in mind this important fact — it’s not just about the small-town feel when it comes to retirement cities. Think about fixed incomes, for instance — or maybe even limited resources to explore and redefine yourself. After all, if you’re looking to retire, you’re not looking to do a whole lot of moving around and spending cash.
Aside from the lack of a state tax on social security — which automatically makes it a benefit to you as a retiree — South Bend is all about university life and entertainment at minimal cost and maximum convenience. It’s generally fun living in this town!
Think football, for instance — as in the Fighting Irish of Notre Dame. Loving the football makes for a great day of the season, not to mention you get free campus tours of the legendary university, if that’s your deal. I’d say it’s legendary specifically because the campus does draw quite a few prestigious entertainment acts, so you most likely will be on the lookout for those events as you enjoy your retirement.
You could be fortunate to land a rent-to-own, or maybe a zero-down mortgage, and if that’s the case, jump on it. Why?

South Bend Brings It for Retirees

It’s a total touchdown for retirement. Sure, the population’s up there, but that’s what retirement should be all about: fellowship, fun and friends all around you. When you’re retired, you’re not just relaxing; you’re living. And you’re living proud.

Looking to Retire Soon? Find Value in Greenville, SC

Convenience is the name of the game when looking to retire. You’re tired of the ever-changing landscape of jobs, promotions, raises, home improvements, new moves, kids going to college, getting married, years are getting up there, and you’re ready to settle down in a ranch-style zero-down home or something, but your first question is this: what’s the best city to retire in? Should you just look for a small town? Or is there more value to watch out for?

Greenville, SC, Brings More Than Just a ‘Small Town’ to Retire InGreenville SC retirement

How so? So you’re a 50-something, and you just don’t want to have to spend too much of that fixed income just to drive and get groceries, or watch movies or play Bingo, etc. etc., and that right there is the benefit to look out for. Greenville, South Carolina, isn’t just a small town where easy living echoes with ease, low stress and the blue skies every morning as the heart of America would have you see day in, day out.

Rather, Greenville’s a great place to retire to for a number of reasons: one, the lack of a state tax on social security. Checkmark on that. Secondly, not only are the home prices and median mortgage payments already quite low, there’s the remarkable savings on property taxes at just under $800. In comparing other retirement towns, that sits at among the best as far as property taxes go.

Here’s the true benefit of looking to retire in Greenville: culture. Nourishing your peace of mind isn’t just about waking up and not hearing a train station or police cars all the time in a metropolitan area. Enjoying cultural attractions happens to be one of the great mainstays of Greenville given the fact that the County Museum of Art happens to be free. Trolley rides as well as downtown Wi-Fi is also free of charge, so as a person looking to retire, you can enjoy surfing and streaming out in the park without even a mobile connection.

That’s What I call Retirement

When convenience is key, retirement is beautiful. Ask any person looking to retire. Greenville just might be the place to retire in if that’s what you’re looking for.