Giving up on Retirement?

A past article in USA Today (Market hurting returns on US retirement plans – May 16 2008) states that more than 25% of workers age 45 – 64 have postponed plans due to the sputtering economy. That was back in May of 2008. One can assume that statistic has not improved much. With the market appearing to be disconnected with everyday American lives, it becomes critical for all of us to look for ways to take control of our 401(k)’s and retirment dollars. Mutual funds and company investment choices are not making it. Your plan may be worth more today than 5 or 10 years ago, but probably not by much more than your contributions.

Stay tuned for our series on self-directed retirement plans with a focus on owning investment real estate. We will cover the differences between owning and funding IRA’s vs. 401(k)’s, why you should consider your own 401(k) plan, how real estate can add security to your retirment income, rules and regulations, and much more.

About Roger Simard

Roger P. Simard, CFP® Roger P. Simard is the founding principal of Genesis Financial Advisors, LLC, and Genesis Tax Advisors, LLC. He heads the firm's corporate and personal financial planning practice and oversees all operations. Mr. Simard concentrates his work in the fields of financial planning, real estate investing, tax planning, and portfolio management. Mr. Simard is a Certified Financial Planner™ and has over 23 years of experience helping individuals and businesses achieve financial success. Mr. Simard was a speaker for The Prudential Spirit of Community Awards, a nationwide youth recognition program honoring secondary school students for outstanding service. He is a frequent speaker and radio guest on business and taxation issues and successful investment strategies and provides Continuing Education classes for Realtors.
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