A Challenge For Those Who Still Cling To Their 401Ks

As is my policy, the one Dad and the rest of my ‘Bully Mentors’ drilled into me, I don’t allow myself a bold statement if I can’t back it up with a specific, empirical, richly detailed explanation. In fact, I say that to callers all the time. “Don’t let me get away with that garbage! Make me back it up ’til you’re satisfied.” Tonight I’m gonna work it a different way.

Here’s the challenge.

Please, start askin’ around. Talk with friends, neighbors, family, folks at work, the innocent bystander behind you in line at Starbucks. Search everywhere ’til you find someone who has firsthand knowledge, no hearsay allowed, of a retiree, or retired couple who’re takin’ home at least $36,000 a year from their 401K. The next one I meet’ll be the first. [Read more...]

Attention San Diego Real Estate Investment Property Owners

I’ll make this short ‘n sweet as my day decided it was time to dog pile on BawldGuy. I’m writing a post about real estate investors in San Diego and markets like it. Think virtually the entire west coast, and selected regions around the country. The shared factors are dreadful price/rent ratios, old buildings, and little or no replacement inventory in the last 2-3 decades. Yeah, I said decades, at least in San Diego’s case.

Here’s the main theme of what you can expect to read. If you own property 30-80+ years old, with dated floor plans, and other functionally obsolescent components, the post will be talkin’ directly to you. If you have sufficient equity in your portfolio it’s past time, as in WAY past time, to move that equity to a vastly superior region.

Your retirement is at stake — either its quality, or possibly its postponement. That’s a bold statement, I know. But if you’ve been reading here for even a short while, you already know I don’t make wild assertions I can’t back up — and with empirically documentable facts. Most San Diegans, and those in similar markets, can easily increase their ultimate net worth, but far more importantly their end game retirement income by movin’ their equity elsewhere.

By increasing retirement income, I mean by a minimum of 50% — double and triple in some cases. Most investors also find they’re upgraded the location quality. Your retirement becomes more important, more crucial to you with every passing birthday. To those in the markets about which I’m speaking, I hope this upcoming post speaks to you in a way that inspires at least an investigation into your options.

OK, that’s it for today.

Except, of course, reminding you that calling or emailing me is the fix I crave daily. Addicts have no pride. :) My number is 619 889-7100. If you prefer, send me a note by clicking the Contact BawldGuy button up top. Have a good one.

A Slice Of An Ongoing Purposeful Plan – Case Study – And a Happy Birthday

Charlie came to me not all that long ago. He’s a pretty high earning professional ($200,000+), living on the east coast. He’s just 29 years old, wicked smart, but more importantly, fun as all get-out to talk to. His only bad point is that he’s a Red Sox fan. I can hear him now, muttering under his breath, ‘at least I’m a fan of a winner’. Touché.

So Charlie came to me already the proud owner of an ancient three unit, located in his hometown in New England. He liked the idea of investing in Texas. Liked even better the concept of having a Purposeful Plan. Having lived frugally he’d saved more than enough to acquire a new duplex there. It closed awhile back. Part of his Plan was to get an EIUL (Equity Indexed Universal Life) started, once he’d closed his first purchase in Texas. [Read more...]

Attention Aging Baby Boomers: Abundant Retirement Income Still On Your Menu

About once weekly, sometimes more, I have a conversation with a fellow Boomer who’s had a rough day. It started the night before when their mind wouldn’t stop dialin’ 911. A realization had slammed into their psyche with the force of a car from the blind side. Their retirement plan simply wasn’t producing results. Here are the common denominators of these calls. [Read more...]

Understanding Multiple Real Estate Investment Strategies Does Make A Difference

This will be short and sweet for a couple reasons. First, tonight’s post is over at BiggerPockets Blog. If you’re not acquainted with it I give my full and energetic endorsement to it. I’ve been writing there for a couple years, or at least in a few weeks. It’s the best membership site for real estate investors in the country.

Anywho, I wrote about an ongoing case study over there this morning. It’s about combining several strategies dynamically to improve your end game results, which is spelled — Retirement Income.

BawldGuy Heads Up: Tomorrow (Wednesday) I’ll be out of touch with the world completely. Gettin’ some dental work done, and they wanna knock me out to do it. Works for me. :)

I’ll be available for calls beginning at noon Thursday. ‘Course by then I’ll be Jonesin’ for a fix. You can help me with that by callin’ me at 619 889-7100. Or you can, if you prefer, send me a note using the Contact BawldGuy button up top. Have a good one.