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Smart Investment Choices for Baby Boomers by Neal Sherman
It's official! The nation's first baby boomer, a retired teacher from New Jersey, born seconds after midnight, January 1, 1946, applied for Social Security benefits on October 15, 2007, signaling the start of an expected avalanche of applications.
Boomers are easily the wealthiest generation entering retirement this country has ever seen. And protecting that wealth is becoming tougher and tougher. Real estate taxes have risen dramatically. Inflation, while not evident on an economic level is certainly making its presence felt through rising oil prices.
The good news is Boomers can expect to live longer. The bad news from a financial perspective is Boomers need to have their money last longer than most anticipated. Medical breakthoughs virtually assure that a significant number will live well into their 90s.
In a recent survey, the happiest retirees were those that had the financial security and option of not needing to work. Smart investment choices will determine the quality of retirement for most Boomers. The two main options are stocks and bonds, or real estate.
The financial markets are coming off four years of stellar growth but look increasingly vulnerable. Housing is weak. While stocks and bonds certainly deserve a place in the portfolio we believe the smartest investments will factor in investment safety, tax advantages and growth potential.
Go zone real estate investments are well worth considering due to their 50% depreciation writeoff that can be taken in the first year, back 5 years or forward 15 years. The prices of real estate are beaten down. In areas such as Biloxi, the casinos are booming. Investors can purchase cheap real estate in a booming area, obtain significant tax benefits for the next 15 years and also earn positive monthly income.
So, you create a tax shelter for yourself for the next 15 years to offset IRA and 401k capital gains by investing in go zone real estate. Second, go zone real estate is cheap and will appreciate longer term. Third, most go zone investments are positive cash flow. Fourth, it is turnkey, we manage the entire process.
Get additional info on tax advantaged investing and go zone investments. Our services include absolutely hassle free investment opportunities and full investment and property management of your go zone investment Click here for other unique 'go zone real estate' articles.
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