© 2007 Midwest Financial Services, LLC
Investment Planning is far more than stocks and bonds. Planning for major purchases like a house or a new car would fall into this category. Of course the focus would still remain on securities but anything of value would be classified as an investment.
Investing in your future!
Plan for tomorrow, live for today.
Securing your future
Most of us think of investments as our retirement accounts and bonds but when we
plan for your future we consider all items of great value as available investments.
Homes, cars and other large personal property make up large portions of our investments.
Managing these items is as important as your retirement account.
Home sweet Home
For most of us, real estate makes up the largest investments we will own. Yet we
do not understand how to maximize our homes potential. Real estate is often not
looked at like an investment because most of the time it carries a debt along with
it. The term Equity is used loosely when talking about real estate. The concept
of someone having equity perceived as a dollar amount is incorrect. Let’s say you
have $50,000 in Equity in your home, does that mean you have $50,000 dollars? No.
Unfortunately Equity can only be accessed by selling your home or borrowing against
it. If you borrow against it, then you really don’t have that in equity because
you have to pay it back. It is vital when planning for the future we understand
and have a plan on how to use our homes “Equity”.
Inflation Woes
Inflation, the worst thing a retiree should worry about. This affects all of us,
but it affects those of us on fixed incomes far greater than a working individual
who will most likely see pay increases. Making sure your investments outpace inflation
is a must.
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