Retirement Money Looking Slim?

It’s been a rough few years for our economy. You may know that personally since both you and your spouse were laid off within a few weeks of each other. Wow! The unemployment check carried you through a few months. However those checks weren’t near what you are both accustomed to making. So you had to start pulling a little out of your savings account every so often.

While you are going through your stack of bills and try to chart a plan, go back to the paid bills in December and January. How much were those taxes you paid on that vacant piece of land? Wouldn’t you like to have that money right now? Remember you are going to have to pay that again in just a few short months too. That tax bill comes due right after the holidays which are going to be a strain already. So what can you do?

Sell that land! Yes, you bought that beautiful piece of land years ago. You were thinking that you would build a retirement place for the two of you after the kids left home. You would live off your Social Security checks comfortably. Well guess what? Social Security is broke now. That 401k you’ve been paying into, lost money in the markets your broker chose. So now your retirement account has shrunk over the past few years, thanks to the present day economy. So that small home on the prairie probably isn’t going to happen anyway.

Times have changed and many of us have had to change our retirement plans too. So let go of that dream and sell that land now, get a hunk of cash that you can invest. Your cousin told you about an investment he was making and invited you, remember? Sell that land and give him a call! You got a good chance to invest and resell that stock for a tidy profit in a short time. That piece of land is costing you taxes and upkeep. You are looking at ways to slim down the expenses, get rid of that one!

Start a Retirement Account by Investing in Land and Real Estate

We all feel and know too well the state of the economy right now. For many of us the money we invested into the stock market for our retirement has seen the stock market sink to historic lows. As many of us have discovered, we may have lost most, if not all our retirement monies and will now have to work a few years longer than planned, just to maintain a minimum standard of living when we do retire.

While the economy is definitely weak including the housing market, there is a part of the real estate market that has actually maintained its value and in some areas of the country, skyrocketed. Vacant land, empty lots, farm and ranch acreage, land of any type has held its value and even increased in some parts of the country. Unfortunately for those with 401k accounts, there aren’t any options to put your money into real estate stocks.

However, since the early 1970’s, Americans have been allowed to use their IRA assets for buying investment property. Even to this day though, this is still the least known and unadvertised investment in the financial market. Part of this is because many people don’t understand what a self-directed IRA actually means. What we’re saying is it is possible to make real estate investments with your retirement plan!

It’s all over the news in print, internet, TV and radio that foreclosed homes are at an all time high and selling for a small fraction of their original prices. Still though, raw and vacant land is a bargain for those investing in real estate. Land will hold its cash value and gain growth again before the housing market. There are specialty lenders that are willing to provide IRA investors the leverage needed with their retirement savings for a real estate mortgage as an investment.

Those of us with retirement accounts are unsure of our nest eggs right now and having all our eggs in one basket makes us nervous. If you are considering real estate investment, remember real estate runs in cycles. So what has hit bottom today will come back up later. A real estate investment can bring rental income for the present and then be the nest egg you cash in after retirement. For hard assets, there is nothing that can be of greater value than land.