| Retirement Investing. Use Your IRA or 401K To Invest In Condotel ...
Beth Collingz, PLC International Marketing Director for the Lancaster Brand of Condotels in the Philippines, recently announced that now investors can use their IRA to invest in Real Estate, collect rents and watch their investments grow tax-free or tax-deferred. Historically, real estate has provided many Americans with a stable investment vehicle that provides both income and appreciation. One of the greatest tools available to real estate investors is government-sponsored retirement plans, such as IRAs. Very few Americans realize that they have the option to self direct their IRAs and other retirement plans into real estate. Most investors believe that their only IRA investment options are bank CDs or the stock market and mutual funds, not real estate. If you currently are a successful real estate investor, or are just looking to diversify your retirement portfolio, the combination of real estate and your IRA can be very powerful.
Seek financial advice to ensure retirement
Q: I am 65 years old and I am ready to retire. I have a 401(k) where I work and I have done well with my account over the years. But now that it's now time to retire, do I need a financial planner or financial adviser? I don't have a clue how to go about this. .
It's Time to Review Your Retirement Plan
A comprehensive review of your retirement plan every few years is almost as important as having a retirement plan. What you save for retirement is one of the most important financial challenges you might face in your lifetime so make sure you review and monitor it often. Retirement Goals--Do the goals you originally set still apply? Do you still plan to retire at the age you first decided upon? Has an illness or other life event changed your retirement goals? Are your investments growing in a manner to finance your retirement goals? You might need to reevaluate your goals or set some now ones periodically because changes are constantly being made in our lives. Personal Finances--Is your income more or less than when you originally set up your retirement plan? Do you have additional income to invest from a second job or your spouse's job? Have you had a bankruptcy or had to make major purchases in the past few years that might affect your retirement plan? Do you have children in college that might dip into your retirement funds? Have you had to withdraw some of your retirement investments for personal use? Your circumstances at any given time will dictate what you can put back for your retirement.
IRA Or Roth IRA
Are you ready for retirement? Merrill Lynch Director Alan Fonner lets you in on two retirement plans that could have you sitting pretty. BY ALAN FONNER Whether youve been married two years or 20, its imperative that you and your spouse understand the importance of saving now for retirement. According to the 2006 Merrill Lynch New Retirement Survey, men and women often have different plans when it comes to their retirement lifestyle. Because this disconnect can have huge repercussions for a couple's financial strategy, you and your spouse should speak honestly about how you envision retirement, and then talk with a financial advisor about how to arrange your finances in a way that allows you to realize your shared vision. There are numerous retirement plans to choose from, including the widely known Traditional IRA and Roth IRA.
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