HOW MUCH MONEY DO YOU NEED TO RETIRE?

[social_share style=”bar” align=”horizontal” heading_align=”inline” text=”” heading=”” facebook=”1″ twitter=”1″ google_plus=”1″ linkedin=”1″ pinterest=”1″ link=”” /]Have you ever considered how much it would cost you to retire comfortably? Take a moment to think of a number and then read on.

When considering retirement, you should be taking into consideration the number of years you will need to live off of, recurring monthly expenses, vacations, helping a loved one in need, and other expenses such as repairs (house, car etc.), prescriptions, medical, the list can go on and on.

I have included a small worksheet for you to complete to determine how much you will need.

How much have you saved so far and how much more will you need to get to your retirement number. This worksheet may have shocked you to see that you are no-where near the number you need to retire comfortably or at all. I remember a humorous message saying “I will be able to retire 5 years after I’m dead.”

For many they celebrate their last day on the job and are happy and ready to enjoy their retirement. A few years later they have to re-enter the work force because they can’t afford it. Some may have reached a certain age and they were let go and they have to go work somewhere else for less than they were getting paid for. The sad reality is that over 80% of Americans don’t have enough to live comfortably now, not to mention having the money to save for retirement.

What if you saved $400,000 and you expect that you will live another 25 years? That’s approximately $1333 a month which is $308 a week. This does not include the extra expenses you would want and need to have to enjoy your retirement. How long do you think you could live on that before you have to re-enter the workforce? According to Forbes, the minimum retirement target number is $1,800,000. Are you even remotely close to saving over ONE MILLION DOLLARS??

There are many low risk opportunities you could invest in that can help you to supplement the income that you are lacking such as Certificates of Deposits (CD), Treasury Inflation Protection Services (TIPS), Money Market Returns, Municipal Bonds, U.S. Bonds, Annuities, Cash Value Life Insurance, Dividend Paying Stocks & Mutual Funds, Preferred Stock, Collectibles (Art, Coins), etc.

But the kind of return will you get from these investments could average around 3.5% APR. How many years will you need to have your funds sitting in these accounts before you reach your financial goal? It doesn’t have to be that way.

A great method to investment your hard earned funds is through real estate investing which can earn you anywhere between 8-15% return on your investment (ROI). One great thing about real estate is it’s secured by the property itself through the Promissory Note, Mortgage, Lender’s Title Insurance Policy, and Hazard Insurance Policy.

We are a Michigan based real estate company and we are looking for individuals who want to earn high returns on their investment. We specialize in private banking/investing techniques and we can show our investors how to use qualified retirement accounts to invest in Real Estate on a tax deferred or tax free basis. We can show you exactly how to set up this great investment strategy! When we come across an opportunity, we will contact you and ask if you would like to invest or pass on this particular transaction. The choice will always be yours. By the way all transactions will be handled through a real estate attorney or title company.

Want to learn more about investing in real estate with us, please call 847-235-9734 to hear our 24-hour message or visit our website at www.mi-realestateinvesting.com/investor.