{"id":1469,"date":"2007-05-25T09:07:54","date_gmt":"2007-05-25T16:07:54","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=1469"},"modified":"2007-05-25T09:07:54","modified_gmt":"2007-05-25T16:07:54","slug":"retirement-a-new-class-being-created","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1469\/retirement-a-new-class-being-created\/","title":{"rendered":"Retirement — A New Class Being Created"},"content":{"rendered":"

In the seminars we’ve been conducting in San Diego and out of state, we’ve been noticing a common denominator that is becoming more and more troublesome to us. It’s the number of stories being told of parents, grandparents, or the storytellers themselves.<\/p>\n

It often begins with, “My dad is in his 70’s, healthy, and owns his home free and clear. He has Social Security, a small annuity, plus the income from his life savings. It all adds up to around $35,000 a year or so. His retirement years aren’t anything like he planned — and he’s becoming more disillusioned each year.”<\/p>\n

That’s sad enough on its own merit. How would you like to live your so called Golden Years pinching pennies in a 50+ year old house, and enough after tax income to survive? Now imagine what his kids must think as they begin to enter their 50’s. “Is that my future? Why bother?”<\/p>\n

Why bother indeed. Let’s crank up the way-back machine, and see if we can’t shed some light on Dad’s thinking when he was in his 20’s and 30’s.<\/p>\n

Let’s say he was 25 in 1957. What if…..<\/strong><\/p>\n

What if we found Dad in ’57 and gave him a choice. He could work hard, invest in real estate, make some sacrifices early in life, and end up with a pretty nice retirement. His other choice would be in the form of a guarantee. How about we guarantee him a $35,000 annual income AND a free and clear home? The median income back then was no doubt less than $10,000 a year. I’ll bet he’d have taken the guarantee. To him it would have been a no-brainer. Yet folks who today find themselves in that exact position are leading lives far different than they ever envisioned.<\/p>\n

True Story<\/strong><\/p>\n

I was talking with a prospect the other day, who lives in another state. His parents live in an adjoining state, are retired, and in their 70’s. They enjoy very good health, and are able physically to travel. They are living the very life described above — an old free and clear home, with a little less Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In the seminars we’ve been conducting in San Diego and out of state, we’ve been noticing a common denominator that is becoming more and more troublesome to us. It’s the number of stories being told of parents, grandparents, or the storytellers themselves. It often begins with, “My dad is in his 70’s, healthy, and owns […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,5,28],"tags":[],"class_list":{"0":"post-1469","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-investment","7":"category-real-estate","8":"category-retirement","10":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1351,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1351\/an-example-how-to-answer-a-clients-question\/","url_meta":{"origin":1469,"position":0},"title":"An Example — How To Answer A Client’s Question","author":"Jeff Brown","date":"April 26, 2007","format":false,"excerpt":"Recently I posted on the subject of how to most effectively answer a client's or prospect's questions. Then, as the universe sometimes does, I was asked a question by a brand new client that is pretty common. On its surface the question might seem facetious, but trust me, its been\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":916,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/916\/your-retirement-a-few-questions\/","url_meta":{"origin":1469,"position":1},"title":"Your Retirement — A Few Questions","author":"Jeff Brown","date":"January 22, 2007","format":false,"excerpt":"For those of you over 40, take a few minutes and contemplate your retirement. Here are a few tips on how to figure out more closely what it could be. Bring into focus your current financial state. In other words, where are you now? Recall the last time you thought\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1661,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1661\/missed-fortune-and-the-wall-street-journal-the-value-of-a-50-cent-financial-planner-isabout-a-half-a-buck\/","url_meta":{"origin":1469,"position":2},"title":"Missed Fortune and the Wall Street Journal: The Value of a 50 Cent Financial Planner Is…About a Half a Buck","author":"Brian Brady","date":"July 15, 2007","format":false,"excerpt":"One of the tenets of financial advisory is the principle of fiduciary responsibility. Today, Wall Street Journal reporter, Jonathan Clements, openly criticizes the strategy Doug Andrew outlines in his best-selling book, Missed Fortune. Mr. Clements' article, When the \"Self\" in Self-Interest Isn't You, attacks the strategy as being completely self-serving\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8100,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/8100\/bar-at-the-raddison-phoenix\/","url_meta":{"origin":1469,"position":3},"title":"Bar At The Raddison Phoenix?","author":"Odysseus","date":"April 28, 2009","format":false,"excerpt":"The Raddison In Phoenix is great so far. Everyone's friendly. Coffee was tasty tasty. But hey, we've got like 5 hours to kill before the fun starts at Unchained. So where's the Bartender? It's noon in Phoenix, but it's about time for happy hour for those of us still on\u2026","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2463,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2463\/want-a-retirement-the-equivalent-of-house-arrest-grandpa-economics-is-your-best-bet\/","url_meta":{"origin":1469,"position":4},"title":"Want A Retirement The Equivalent Of House Arrest? Grandpa Economics Is Your Best Bet","author":"Jeff Brown","date":"January 3, 2008","format":false,"excerpt":"For years I've put forth the principle of Grandpa Economics. I coined the phrase years and years ago. Stated simply -- Relying on savings + a free and clear home + Social Security will land you in the poor house not too many years after your retirement party is long\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10681,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/10681\/real-estate-investing-for-retirement-2-schools-of-thought\/","url_meta":{"origin":1469,"position":5},"title":"Real Estate Investing For Retirement – 2 Schools of Thought","author":"Jeff Brown","date":"December 22, 2009","format":false,"excerpt":"There surely are more than just a couple schools of thought when it comes to using real estate as a vehicle to get them to an abundant retirement. The two that almost always garner most of the attention are Buy & Hold for cash flow from Day 1, and Capital\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1469","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=1469"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1469\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=1469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=1469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=1469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}