Bohemia, NY (PRWEB) December 26, 2012
On December 26, Savings2Income responds to an article about a couple from Des Moines, Iowa that plans on retiring by the time they are 39 years old.
The article discusses Ryan Lynch who is a leadership management trainer, while his wife Amber is a city planner for Des Moines. According to the article, the couple, both 31, also invests in real estate on the side and expects to earn about $100,000 this year. “Mrs. Lynch describes their lifestyle as ‘not terribly frugal, but mindful’ of their spending,” the Wall Street Journal article stated.
Their plan is to own enough rental property with enough steady cash flow to not have to work by the time they turn 39, reports the article. The Wall Street Journal states that as of now the couple owns two properties. One of which is being rented and the other they are renovating. The article said that “they expect to use the proceeds to eliminate about $20,000 in credit-card debt and fund their next property purchase. They also have about $40,000 in student loans.”
According to the article, the couple does not own a home and is currently renting a two-bedroom apartment. However, their short-term financial goals include buying their own home as well as more rental property. They expect their rental properties to help fund their retirement (as well as their daughter’s college tuition), but the Lynch’s do have other funds to help them along the way, reports the article. Mr. Lynch contributes to a 401(k) plan while Mrs. Lynch has a 457(b) plan, which is for government employees.
Jerry Golden of Savings2Income applauded the Lynch’s hard work and planning towards early retirement. Golden explains that although this couple has managed to uncover retirement funding through real estate, not everyone is as educated on owning rental properties. “There are still many options out there for people looking to retire early, but it may be through traditional investments and annuities, and good planning.”
Golden goes on to explain that for most investors, it will involve the following basics:
1. Start saving as early possible
2. Invest in low cost diversified portfolios
3. Defer taxes on investment earnings for as long as possible
4. Build up Guaranteed Income over time through immediate annuities.
5. Integrate all resources in a plan for retirement income
Golden said. “We don’t all have to be real estate experts in order to retire early, we just have to plan and save enough until the day comes when we can stop working.”
An innovative planning method that was created by Jerry Golden to benefit those recent retirees and those soon to retire called Savings2Income, seeks to provide a clear path to retirement security, and incorporates qualified savings, personal retirement savings and Social Security into an integrated solution.