Promissory observe Investing – Have Your "Retirement Investing Ducks" in a Row

Promissory observe Investing – Have Your "Retirement Investing Ducks" in a Row

A “Slap in the confront Warning”

How often does one must have a “slap in the confront” warning before the truth sets in? Not properly saving for retirement has painful long-term consequences happens to be the truth.

A Good Retirement Outcome Depends on Good Retirement Investing

In all serious endeavors, good outcomes depend on good planning and good execution. From maintaining physical health to having a decent income, to ensuring you have enough money for retirement, good planning and good execution are the keys. Remember, pro-action is always better than reaction.

The sad truth is most individuals agree in rule that planning and execution is important; most individuals fail to plan and execute for their retirement. The results are these people end up not retiring with enough money to pay their monthly bills and to live a worry-free, decent life in their “golden years”. Let’s look at the retirement statistics:

Retirement Statistics Data

Average retirement age 62

Average length of retirement 18 years

Average savings of a 50 year old $43,797

Total cost for a associate over 65 to pay for medical treatment over a 20 year span $215,000

Percentage of people ages 30-54 who believe they will not have enough money put away for retirement 80%

Percentage of Americans over 65 who rely completely on Social Security 35%

Percentage of Americans who don’t save anything for retirement 36%

Total Number of Americans who turn 65 per day 6,000

Percentage of population that is 65 years of age or older 13%

Statistic Verification

Source: U.S. Census Bureau, Saperston Companies, Bankrate

Research Date: 1.1.2014

Why Don’t Individuals Plan and Execute for Retirement?

The answer is simple – people say they are too busy; they’re busy working, running their businesses, caring for their families, dealing with health problems, and a myriad of “other duties”. They say they don’t have time to get their retirement “ducks in a row”. And, yes, planning for retirement will require time – your time. How much time varies from individual to individual and from family to family.

A Retirement Plan that Works-Promissory observe Investing

Traditional investing categories-savings accounts, certificates of place, stocks, and mutual funds are now yielding between.5% and 4.5% yearly. A typical, well secured promissory observe will provide 6.5% to 9.5% yearly; the duration is typically one year to ten years. An illustration of the difference between owning a $15,000 investment earning 4% compounded monthly over ten years and a $15,000 promissory observe earning 8% compounded monthly over ten years is:

$29,724.98 for the 4% investment vs. $51,589.21 for the 8% observe

Investing in a promissory observe is not as easy and making a bank place or buying a mutual fund. It requires more personal attention and guidance, but the pay-off is well worth the additional time and effort. Earning 8% instead of 4% over a 25 year period can make the difference between a comfortable retirement and a struggling retirement-between freedom from work and having to work to pay the monthly bills.

Promissory observe Investing Options

Numerous investing options exist; doing the right things and doing things right are the basic elements for successful observe investing. You can invest in one observe, in a pool of notes, or in a fractional interest in a observe. You can allocate your funds over several observe investments, or concentrate it in one investment. You can seek the most conservative notes or the most speculative ones, of something in-between.

Seek a Competent Advisor

Paying for knowledge is a good investment. I stress the importance of working with a competent, educated promissory observe advisor to keep you retirement nest egg safe and obtain. Protection of your retirement account should be the top priority, not maximizing income or provide. A stock market saying applies equally to observe investing: Bulls can make money, produces can make money, but Pigs get slaughtered.

Remember: “It is impossible for a man to learn what he thinks he already knows.”

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