Roll over your IRA/401k into Real Estate
Burbed reader Sue was at the Menlo Park fair and she noticed this:
This is what she had to say:
Gotta love the con artist and his bimbo. Oddly, they weren’t getting much business!
Hey, as we all know, stocks can lose money. But Real Estate? That’s a can’t lose in the long run. It doubles every 10 years whereas the stock market? Who knows!
Thanks Sue for the find!
July 18th, 2009 at 4:15 pm
Cool, look at that Cold Stone! I’m talking about the dude in the short sleeve shirt with the tie, shorts, and sandals. I love his style! He looks like a Cali version of Pat Robertson meets Jerry Falwell meets Billy Graham.
July 18th, 2009 at 4:44 pm
Well, I would like this in 1 or 2 years, but I thought this kind of roll over did not exist.
July 18th, 2009 at 4:44 pm
Any CSI specialist could zoom in and tell us what the other signs say?
July 18th, 2009 at 4:51 pm
He looks like a Cali version of Pat Robertson meets Jerry Falwell meets Billy Graham.
—-
And trophy wife at behind, patiently waiting for a prey and double digit commission.
July 18th, 2009 at 4:53 pm
Is that a Confederate flag?
July 18th, 2009 at 6:44 pm
LMAO!!
That is CLASSIC!
July 18th, 2009 at 7:54 pm
http://news.yahoo.com/s/time/20090718/us_time/08599191145500
“California’s Crisis Hits Its Prized Universities”
July 18th, 2009 at 9:47 pm
BAI – “According to UC officials, the cut in state funding brings the “amount of state investment in the University down to $2.4 billion – exactly where it was in real dollars a decade ago.” During the same time period, spending on state prisons has more than doubled to $11 billion.”
That’s a sharp reflection on what the state’s priorities have been this past decade, if the figures are true. Punishing and isolating over educating.
July 19th, 2009 at 12:16 am
Interesting advertisement in craiglist:
Here your chance, renters! The current owner is giving you a change to be homeowner and enjoy pride of homeownership.
July 19th, 2009 at 2:02 am
Pralay,
I thought you’re not even looking?
July 19th, 2009 at 8:48 am
LOL! I must be “looking” at craiglist to buy property.
July 19th, 2009 at 8:51 am
BTW, was that you in picture, RealEstater?
July 19th, 2009 at 11:15 am
Yes, let’s sit down and talk.
So, why do you think you are special enough to own my home? I hope you’re at least as special as me….
July 19th, 2009 at 11:31 am
That’s a sharp reflection on what the state’s priorities have been this past decade, if the figures are true. Punishing and isolating over educating.
From the same people who brought you Prop 13…
July 19th, 2009 at 3:30 pm
-# 7
Someone please tell me why every time there is a budget cut, they will always cut firefighters, teachers and now the researchers in the university, but never those administrators and/or new buildings and/or overheads and/or deadwood’s big retirement plan? Is that because the person who is in charge of the budget cut are those much less critical to the system, they try to cut something critical so that people will be up-set with the cut?
You can tax more if there is no waste.
July 19th, 2009 at 5:41 pm
LOL! Classic indeed. Nice work Sue.
July 19th, 2009 at 6:21 pm
Is that because the person who is in charge of the budget cut are those much less critical to the system, they try to cut something critical so that people will be up-set with the cut?
I don’t think it’s to intentionally upset people. It’s more selfish than that – the administrators don’t want to impact their own pocketbooks and don’t want to stop any new buildings (as a monument to their tenure).
As for retirement plans? That’s where the unions come in.
July 19th, 2009 at 8:24 pm
Like I’ve mentioned before, this state will eventually starve itself of services and infrastructure. It will increasingly become a bad place to raise children and have a decent quality of life unless of course you’re well-off.
In regards to the topic above, anyone thinking that real estate is the path to stability is a fool. The reality is that all you need by the age of 30 is $30,000 in retirement in order to be worth over a million by 60. Unfortunately 90% of Americans put more money in their houses rather that retirement
July 19th, 2009 at 8:55 pm
Uh, bob, I hope you realize that with inflation a million bucks most likely won’t cut it when you’re 60.
You make a good point though – most young (20s) people don’t grasp the huge benefit of beginning to save for retirement at that age.
July 19th, 2009 at 9:02 pm
bob, it’s really not that hard to own a house at 30 while having much more than $30k saved for retirement. You don’t need stock grants for that. I’m sorry to hear that this was an either-or choice for you.
July 19th, 2009 at 9:03 pm
And incidentally you don’t need six figure income to achieve that either.
July 20th, 2009 at 2:41 pm
Yeah, Bob. I had both a 20 percent down and 30k in a 403b when I was 30. And I don’t even make the $400k/year required to avoid poverty in the BA.
(Three years later and I still have 30k in a 403b despite 10% contributions and ~100 LTV on mi casa, but, hey it could be worse.)