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Scott Tominaga Talks About Investing for Retirement
Just
like marriage, retirement is considered a milestone in a person's life. But, according
to PartnersAdmin LLC's Scott Tominaga, retirement requires a lot of planning,
especially financially, to make it go smoothly. Sadly, many retirees have not
saved or invested enough as their biggest regret.
However,
there is still hope. For this blog post, Scott Tominaga shares a few
alternative investments to consider before or even after you retire.
The
first investment you should look into is real estate.
Finding
old buildings and fixing them as living spaces or commercial structures has
proven lucrative.
For
retirees, though, the former might be better. It entails less work with
maintenance and paperwork. Having two or three apartments to rent out means you'll
receive a steady cash flow from the rent every month.
flagtheory.com
Next,
there's the emergency account.
This
investment means a separate account from your 401k and savings. It also means
you should open it way before you retire. The philosophy behind this is akin to
having a safety net when starting a business.
An
emergency account will supplement your savings and plans if an emergency should
occur and you're left with zero funds.
Finally,
there are bonds.
Many
retirees know the value of bonds and have survived because of them. Just like
real estate, bonds provide income regularly. There are several bonds out there
that can make for a worry-free retirement, adds Scott Tominaga.
ScottTominaga, the Chief Operating Officer of PartnersAdmin LLC, is an
experienced professional in the areas of middle and back office, accounting,
compliance, and administrative functions within financial services firms. He
has previously filled primary roles in forming several operational
infrastructures. He also interfaced with fund managers and professional service
providers to establish efficient and transparent operations and reporting
structures. For more about his work, visit this page.
