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RISING WOMEN EXPERTS...
My investments have dropped drastically. Should I face the fact that I
may never be able to retire? I am scared and need some good advice.
By Candace Graf of HomeRun International Inc.
Regrettably, your retirement is indeed further from reality! That is, of
course, if you continue to invest in the same manor. This last year and a
half has been a rude awakening for many Canadians who thought that their
retirement investments were going according to plan.
It is not your fault though. As young adults many of us were told that if we
want to have a “comfortable” retirement we need to buy a house, pay it off
and invest a little every month into our RRSP account. Unfortunately this
has proved to be dangerous advice; there are just too many variables out of
your control that can go wrong.
Here is a scenario: You have been paying your mortgage down over the years
and then life happens to you and you dip into your equity to live off
of...now you are faced with extending your mortgage another five to ten
years. You could be paying down your house for the rest of your life!
What about those RRSP investments? Even if you maximized your contributions
every year you still wouldn’t have enough to retire on. You need to account
for market crashes along the way. Then, depending on how much your
investments drop, you have to think about the certainty of being able to
recover those losses plus start making back the returns that you should have
been making in the first place so that you do reach your retirement goals.
Recent events have shown us that traditional investing does not work. The
times have changed and the way we plan for retirement has to change.
Canadians need to take a much needed and active approach to their
investments.
All is not lost! Not only can you retire, you can do it very comfortably!
It’s just a matter of changing your approach and thinking in new ways.
For example, did you know that you can pay your mortgage off in less than
half the time without it costing you more? And your RRSP’s can recover and
make a good supplement to your future! All this can be done by just
investing in real estate. Unlike mutual funds, real estate always goes up
over time. Only you can take hold of your future. It’s your world, welcome
to it!
For advice on real estate investing & to learn for free how to take back
control of your investments, contact Candice Graf of Homerun-International
Inc. at 403.456.3113. Visit
www.homerun-international.com to learn more about Candice & her
free seminars. |
