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Did you plan for anything after retirement?

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BLANCA



Joined: 17 Jul 2008
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Posts: 1



83 Magic Points
Subject: Did you plan for anything after retirement?
 
 Posted on Thu Jul 17, 2008 10:04 am  
Hello Everyone! I am a retired man and not even a pension holder and because of this reason I have already made a plan for my future during my job time. I have invested my earnings at that stage in many investing companies with many investors. But after retirement I felt that I should invest my rest of the money which I got after my retirement in some new investing firms which are basically dealing with some real estate properties. Does anyone know about such investors which will help me out?
Jessica.L



Joined: 18 Jul 2008
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Posts: 1



50 Magic Points
Subject: Did you plan for anything after retirement?
 
 Posted on Fri Jul 18, 2008 4:19 am  
Hi….. I am also a retired person and I also had the same issues after my retirement, that time one of my companions told me about investing in real estate property which is really a beneficial investment. He told me about an investing firm which provides investment offers in real estate. Now I have invested my money in real estate which I believe was a wise decision and I will suggest you also go through this. Hopefully your issue will also get resolved.

Happy Investments
anthony

anthony

Joined: 31 Jul 2006
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13574 Magic Points
 
 Posted on Fri Jul 18, 2008 5:49 am  
Hi Blanca
Since you are already retired, I think choosing safe investments options would be a preferred one. You can also diversify your portfolios among multiple assets depending upon your financial goal and risk taking capacity. You can also invest in 401k IRA (Individual's retirement arrangement). Keeping your money with 401k IRA is a better option because here the money is regarded as your own asset and you can withdraw the amount whenever you need it. The most important benefit of this scheme is that you don't have to pay any taxes on your withdrawals.
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Justin

Justin

Joined: 17 Jul 2006
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28942 Magic Points
 
 Posted on Fri Jul 18, 2008 6:30 am  
Hi Blanca
I agree with you Jessica. In todays market situation investing in real estate will give a better return I think. For making real estate investments you can purchase REITs individually or through mutual funds. But there is a risk associated with it.
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erb1953



Joined: 31 Dec 2007
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Posts: 573



-51 Magic Points
 
 Posted on Sat Jul 19, 2008 11:35 am  
what is REIT's?
goodnatured



Joined: 03 Nov 2007
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56 Magic Points
 
 Posted on Sat Jul 19, 2008 11:02 pm  
No clue
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anthony

anthony

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13574 Magic Points
 
 Posted on Mon Jul 21, 2008 7:24 am  
Hi erb
REIT is Real Estate Investment Trust. It is for corporations investing in real estate business which reduces or eliminates Corporate Income Taxes. REIT performs the same function in real estate as mutual funds does in the stock market. In US, REIT distribute over 95% of the taxable income as dividends among shareholders.
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Anthony Marx

A positive attitude is not achieved by turning a blind eye to the negative, but rather by responding to every situation in the most positive way possible.
goodnatured



Joined: 03 Nov 2007
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56 Magic Points
 
 Posted on Wed Sep 17, 2008 1:32 am  
It makes more sense when it is explained that way. We have mutual funds, we are using them for retirement purposes.
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fireyone



Joined: 26 Feb 2008
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Posts: 4285



140 Magic Points
 
 Posted on Thu Sep 18, 2008 1:26 am  
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misaelwade



Joined: 07 Feb 2011
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122 Magic Points
 
 Posted on Thu Aug 18, 2011 5:29 am  
The planning needs to be done early, so that you can do things according to how you plan to live as a retiree. Calculate how much money is required for leading the type of lifestyle you prefer. This will help you figure out what type of investment plan you can choose for investment. Once you have a retirement planning in place you will be in a better position to work towards making it a comfortable phase of life, in terms of finance and other aspects.
Several retirees opt to get employed in different jobs, even after they have retired. The basic fact is that the regular flow of income stops after retirement, but the flow of wants and needs never do. So, one convenient option for taking care of this is by taking up a job in any field that you prefer. The fact is that a retiree has plenty of experience in working, so it should not be tough for him to find something suitable.
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