Friday, April 30, 2010

Your House and Your Retirement Plan

In the not-too-recent past, you could expect the equity in your house to provide not only a portion of your future retirement nest egg but also the distinct possibility that you had enough to move, possibly even to another location and have your new home paid-for.  Not that those dreams are necessarily dashed completely.  In fact, if you currently own your home (I must say that calling a home with a thirty-year mortgage as something you own has always struck me as ironic.), you might still be able to do what you had planned.
But some things have changed.  Let’s start with the dream of moving to downsize. In most areas of the country, with a few notable exceptions, home prices have stabilized and have even begun to modestly recover. More on this new retirement plan consideration.
More from Paul Petillo, Managing editor of and a fellow Boomer


Lake Weir Living said...

Lake Weir Living (LWL) is in Central Florida (7.9 miles from The Villages). LWL, is a Toy-Friendly Residential Community. LWL is not limited to outdoor enthusiasts and “toy” owners only. Visit their YouTube and watch over 25 videos of the community,, and also check out It appeals to those frustrated with the restrictions and fees of a homeowners association (HOA). Toy-owners say, “HOA fees take the fun out of homeownership.” LWL offers “Toy” owners (i.e. RVs, campers, boats, motorcycles, haulers and more), brand new custom-homes with toy-fitted garages and no HOA at prices starting from the $90s

Steve Selengut said...

Solid Retirement Investments In Liquid Form - Managed CEFs

A Closed End Fund (CEF) is a publicly traded investment company that invests in a variety of securities such as stocks, bonds, preferred stocks, real estate, mortgages, oil and gas royalties, etc. The variety of sectors, classifications, and geographical representation is every bit as confusing as it is with traditional funds, but the advantages are easy to understand.

Many of the advantages of Closed End Funds are discussed below. It should be abundantly clear that this form of investment has eliminated nearly all of the drawbacks of conventional mutual funds. The two have very little in common.

Trading Liquidity - Flexibility - Cost: Closed End Fund shares may be bought or sold at any time during the trading day, just like common stocks, and share prices will fluctuate. They are excellent start up investment vehicles for smaller accounts where diversification would otherwise be difficult to achieve.

There are no penalties for leaving the CEF when the stock is sold. The only direct cost involved is the commission paid when buying or selling the shares.

For "the rest of the story":

Steve Selengut
Professional Portfolio Management since 1979
Author of: "The Brainwashing of the American Investor: The Book that Wall Street Does Not Want YOU to Read"