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Promissory Note Investing – Have Your "Retirement Investing Ducks" in a Row
“Slap Warning”
How often does one have to have a “slap in the face” warning before the truth comes out? 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 results depend on good planning and good execution. From maintaining physical health to having a decent income, to making sure 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 principle that planning and execution are important; most individuals fail to plan and execute for their retirement. The results are that these people do not retire with enough money to pay their monthly bills and live a carefree, 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 couple over 65 to pay for treatment over a 20-year period $215,000
Percentage of people aged 30-54 who believe they won’t have enough money put away for retirement 80%
Percentage of Americans over 65 who rely entirely on Social Security 35%
Percentage of Americans saving nothing 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%
Statistical Verification
Source: US 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 are busy working, running their businesses, taking care of their families, dealing with health issues, 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 take time – your time. How much time varies from individual to individual and from family to family.
A Retirement Plan That Works-Promise Investing
Traditional investment categories-savings accounts, certificates of deposit, stocks and mutual funds now yield between .5% and 4.5% annually. A typical, well-secured promissory note will yield 6.5% to 9.5% annually; the duration is typically one year to ten years. An illustration of the difference between owning a $15,000 investment earning 4% compounded monthly for ten years and a $15,000 promissory note earning 8% compounded monthly for ten years is:
$29,724.98 for the 4% investment versus $51,589.21 for the 8% note
Investing in a bond is not as easy as making a bank deposit or buying a mutual fund. It requires more personal attention and guidance, but the payoff is well worth the extra time and effort. Earning 8% rather than 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.
Pledge Investment Options
Many investment options exist; doing the right things and doing things right are the essential ingredients for successful note investing. You can invest in a single note, a group of notes or a fractional interest in a note. You can allocate your funds over several portfolio investments, or concentrate it in one investment. You can look for the most conservative notes or the most speculative, anything in between.
Look for a Competent Advisor
Paying for knowledge is a good investment. I stress the importance of working with a competent, educated promissory note advisor to keep you safe and secure retirement nest egg. Protecting your retirement account should be the top priority, not maximizing income or yield. A stock market saying applies equally to stock investing: Bulls can make money, Bears can make money, but Pigs are slaughtered.
Remember: “It is impossible for a man to learn what he thinks he already knows.”
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