WILL I HAVE ENOUGH MONEY TO RETIRE ON?
52% of Baby Boomers will not have enough money to comfortably retire
41% of will have enough money to comfortably retire
The older population of America are scared based upon this most recent poll. More than half said they think they will not have enough money to retire on.
The reasons for this rising concern about retirement income became clearer when one examines trends in how much non-retirees expect to rely on each of 10 income sources in retirement. The trends for these 10 items (401(k) or other retirement savings accounts, Social Security, home equity, pensions, part-time work, savings accounts or CDs, stocks or stock mutual fund investments, annuities or insurance plans, inheritances, and rent/royalties) as "major sources" of retirement income. cited in article
My personal feelings that the rules of engagement have changed on Wall Street after this last major financial disaster that wiped out the world financial market. The ten items listed above only mentions real estate once-primary home only. People are starting to wake up that they need Assets to pay for the Liabilities. One way to achieve this is by having rental real estate over the course of a life time. It is possible to obtain paid off rental income properties producing over $100K in residual income per year if one has a plan in place. Again, it starts with one house. Then, one purchases another house for the next ten years while using the cash flow to pay down the principle.
REAL ESTATE PAYS FOR RETIREMENT
Make the Call, Set the Plan, Do the Deal$!
Feel free to listen to my Radio Show to learn more about the phoenix real estate market, new trends, and the latest opportunities. The Real Estate and Beyond Radio Show Airs every Saturday from Noon-2:00pm on Conservative Newstalk KKNT 960am in Phoenix, Arizona. You can listent to past shows, or stream on-line.