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by on December 1, 2008 Leave a Comment

Recovering From Huge 401k/IRA Losses — First? Take Control

Though I’ve done this for many investors in the past, I’ve ignored the approach for several years. However, folks finding themselves in the position of facing the loss of 25-40% in their retirement funds need every edge they can get. The last time this happened was around seven years ago, with the crash of the tech market. It wasn’t uncommon to talk with people who’d lost heartbreaking chunks of their net worth in the time it took to go from Monday Night Football to Happy Hour on Friday. It wasn’t pretty.

Lenders are now paying more attention. Surprise surprise.

BawldGuy Axiom: Lenders lend. Period. It’s what they do. Don’t lend for long enough, and the tattoo on their foreheads sayin’ LENDER begins to fade. This is invariably followed by, you guessed it — lending.

Due to the rigors of moving my office this week, tonight’s post will be brief.

If you have a retirement plan at work, and it currently sports a balance of at least $90,000 — you can probably begin to make up for your recent losses. I have all of the pieces in place for your success. You can, over a reasonable period, recoup much if not all of your losses, depending upon your particular set of circumstances. If you have 10-20 years we can possibly add an extra few grand a month in retirement income. Oh!! Now yer payin’ attention. :) All kiddin’ aside, sometimes it takes a steel-toed kick in the pants to make people look at something better than Wall Street. Capital growth is the name of the retirement game. No capital growth = very little retirement cash flow.

Go figure.

Tomorrow I’ll be writing about what’s possible. Meanwhile, if you have the minimum capital mentioned above, get a hold of me and we’ll figure out what’s possible for you. Purposeful Planning will make the difference. Have a good one.

Related posts:

  1. The Learning Curve of a Recovering Attorney Turned Real Estate Investor — Escaping From Dodge
  2. Are You A Dealer? Are You A Real Estate Investor? There’s A Huge Difference
  3. Taking Control Of Your Retirement — Words — They Mean Things
  4. Understanding What’s Important — It’s Usually Not a Bunch of Cash Flow
  5. As A Real Estate Investor Ya Gotta Pick — Capital Growth or Cash Flow
Filed Under: 401(k)'s & IRA's, Capital Growth, Cash Flow, Financing, Purposeful Planning
About BawldGuy

I'm second generation real estate, first licensed in fall of 1969. Having been mentored by several iconic brokers, I'm also CCIM trained, having completed all 200 hours back in 1980. Have successfully executed well over 200 tax deferred exchanges, many of which have been multi-state in nature. Strong points are analysis and the creation and real world application of Purposeful Plans employing several strategies synergistically. The idea is to arrive at retirement with the most after tax income possible, backed by the largest net worth.

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