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Promissory Note Investing – Have Your "Retirement Investing Ducks" in a Row
A “slap in the face warning”
How many times do you have to get a “slap” warning before the truth sets in? Not saving properly for retirement has painful long term consequences which happens to be the truth.
A good retirement outcome depends on a good retirement investment
In any serious business, good results depend on good planning and good execution. From maintaining physical health, to earning a decent income, to ensuring you have enough money for retirement, good planning and execution are key. Remember, pro-action is always better than reaction.
The sad truth is that most people agree in principle that planning and execution are important; most people fail to plan and execute their retirement. The results are that these people end up not retiring with enough money to pay their monthly bills and live a decent, carefree life during their “golden years.” Let’s look at the retirement statistics:
Statistical data on retirement
Average retirement age 62
Average length of retirement 18 years
Average savings of a 50 year old $43,797
Total cost for a couple over 65 to pay for medical treatment over a 20-year period $215,000
Percentage of people aged 30-54 who think they won’t have enough money saved for retirement 80%
Percentage of Americans over 65 who are entirely dependent on Social Security 35%
Percentage of Americans not saving for retirement 36%
Total number of Americans turning 65 per day 6,000
Percentage of population aged 65 or over 13%
Source: US Census Bureau, Saperston Companies, Bankrate
Search date: 1.1.2014
Why don’t individuals plan and execute their retirement?
The answer is simple – people say they are too busy; they are busy working, running their businesses, caring for their families, dealing with health issues, and a myriad of “other chores.” They say they don’t have time to retire ‘ducks in a row’. And, yes, planning for retirement will take time – your time. How long varies from individual to individual and from family to family.
A Retirement Plan That Works – Investing in Promissory Notes
Traditional investment categories – savings accounts, certificates of deposit, stocks and mutual funds now earn between 0.5% and 4.5% per year. A typical, well-secured promissory note will yield 6.5% to 9.5% per annum; the duration is generally from one year to ten years. An illustration of the difference between owning a $15,000 investment earning 4% compounded monthly over ten years and a $15,000 promissory note earning 8% compounded monthly over ten years is:
$29,724.98 for the 4% Offering versus $51,589.21 for the 8% Note
Investing in a promissory note is not as easy as making a bank deposit or buying a mutual fund. It requires more personal attention and guidance, but the payoff is well worth the extra time and effort. Earning 8% rather than 4% over a 25-year period can be the difference between a comfortable retirement and a difficult retirement, between being out of work and having to work to pay monthly bills.
Options for investing in promissory notes
Many investment options exist; doing the right things and doing it right are the essential ingredients of a successful ticket investment. You may invest in a Note, in a pool of Notes or in a fractional interest in a Note. You can spread your funds across multiple note investments or concentrate them in a single investment. You can look for the more conservative or the more speculative ratings, something in between.
Find a competent advisor
Paying for knowledge is a good investment. I stress the importance of working with a knowledgeable and educated promissory note advisor to ensure the security of your retirement nest egg. Protecting your retirement account should be the top priority, not maximizing income or performance. A stock market saying also applies to note investing: bulls can make money, bears can make money, but pigs get slaughtered.
Remember: “It is impossible for a man to learn what he thinks he already knows.”
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