If you are of a certain age, you well know that you need to take your
retirement seriously and grab it by both your hands, if you want to have the funds necessary to continue in a lifestyle you consider a quality life. We are no longer in our parents or grandparents retirement economy. The day is gone when you were employed by one company for 20, 25, or 30 years and got your gold watch. With the exception of municipal workers or the auto workers, it is rare that anyone lasts that long in one place. The average these days is 7 different companies over a life-time career.
So, not to have our hard earned dollars slip by the way-side, take control now.
401 (K) plans
IRAs known as individual retirement plans
Company sponsored qualified pensions or profit sharing plans
Most plans are tax deductible and taxes not paid until you receive your retirement funds. Recently, there has been what is called a Roth IRA
which is not tax deductible. However, you will get your money tax free with this IRA when you withdraw and don't have to withdraw your RMD (required minimum distribution) at 70 Â½ years of age with the Roth.
(real estate investment trust) is another way to help secure your future. Imagine owning a few rental homes. That's if you can take the
'toilets & tenants' pressure. Are there risks to this type of investment?
Yes, you bet. I've had to evict tenants. Remember, most multi millionaires were made during the depression by acquiring real estate.
Always secure an expert in any endeavor you peruse. However, you
stay in charge.About the Author:
Ric Dalberri is a graduate of Columbia State University & has been involved in his own business (sold) employing over 100 people. As
well as being a top producer as a Financial Specialist for over a decade with one of the largest financial institutions in the U.S., Ric has many years experience in sales and Â management. Ric was also a mentor in
the financial arena as well as a volunteer teacher for Junior Achievement.