1. Ask the Expert TODAY!
    Learn how to do more with less when it comes to your fertilization services. Gather your top questions about fertilization and nutrient management and join the live Ask the Expert event hosted by Koch Turf & Ornamental TODAY at 12-2 p.m. ET in the Fertilizer Application forum .

    Dismiss Notice

Saving for retirement

Discussion in 'Business Operations' started by JasonPC, Mar 1, 2003.

  1. Gr grass n Hi tides

    Gr grass n Hi tides LawnSite Bronze Member
    Messages: 1,020

    Buy annuities and/or gift the money to one another through gift funds. They are easy to research. Annuities have guaranteed payouts with many options (e.g. lump sums every so many years with "x" number of years with monthly payments in between). Insurance carriers can turn you on to them & run numbers for you - that's one source that's easy to access. The returns are great.
     
  2. Jason Pallas

    Jason Pallas LawnSite Bronze Member
    Messages: 1,335

    Just a tip - the best investment you can make right now is in real estate. BUY BUY BUY. It appreciates much quicker and is whooping butt as far as any comparison to IRAs (although they're tax deductable up to $3000), stocks, annuities, mutual funds, bond, bills etc.
    In addition, the lower interest rates right now let you afford much more than you could normally. And ...... remember if you're worried about liquidity, you can always pull money out of real estate by borrowing against the property.
    I only wish I had this advice when I was younger.
     

Share This Page