Scott Tominaga's Investment Guide for Retirees

 

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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.

 

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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.