We get well over 20% return but its on rental properties that are paid for.
I'm not into stocks that much and if you are getting returns of 18% in this climate in stocks I would be very concerned. I don't see that as realistic, if I were I would be pulling the gains out till I had at least my original investment back in the bank. There are to many mini Madoffs out there. And remember some really smart people got took in his scam.
As far as investing in the RV industry sorry not that either. I don't think people realize over 40% or more of the boomers coming up are likely to need assistance rather then joining the leisure class. Possibly even more when you hear of folks going into retirement with house payments and car payments, most will not survive long with reduced incomes. There seems to be a great lack of common sense nowadays.
Retirement expert: “Most middle-class Americans will become poor or near-poor retirees”
by David Yamada
According to economist Teresa Ghilarducci, one of the nation’s leading experts on retirement policy, “(i)t looks like most middle-class Americans will become poor or near-poor retirees,” adding that “(t)he baby boomers will be the first generation that will do worse in retirement than their parents.”
Ghilarducci’s comments appear in The Week
, a weekly news magazine, as part of an informative piece (“The not-so-golden years,” April 27 edition) spotlighting a largely neglected Boomer retirement savings crisis that has grave implications for America’s social and economic well-being.
401(k)s vs. pensions
While the economic meltdown is one reason for this crisis, the more systemic cause is the disappearance of the traditional pension plan. The Week
reports that from 1980 to 2006, the percentage of private-sector workers with employer-funded pension plans dropped from 60 percent to 10 percent. The 401(k) plan — voluntary and largely employee-funded — would replace the pension as the primary retirement savings vehicle.
Unfortunately, most workers have not built 401(k) accounts sufficient to fund a comfortable retirement; the average 401(k) balance “is just over $60,000,” according to The Week
. Even worse, “(m)ore than half of U.S. workers have no retirement plan at all.” Social Security payments “averaging $14,780 a year for individuals and $22,000 for couples” won’t bridge the gaps.
Consequently, it appears that many Boomers will find themselves working much later into their lives, seeking cheaper housing, and cutting and cutting back sharply on spending.
The implications to society is huge. With the millions of boomers having decreased earnings that flow into society it will effect all levels. Housing has to be a huge component with 10,000 of us a day going into the boomer age group. More health care needed, less money more demand on medicare and public services while less tax revenues are going in. I think with the new jobs where younger workers don't earn as much and all the stresses of the country we are going to see the "pooring of America". Not real optomistic for many folks. I'm looking at some low cost rentals to add as I don't feel a lot of folks will be able to afford the typical house we have become used to. But then its possible people will buy travel trailers to live in but I would think this group would be buying used and not new.
I think some of the growth industries will be nursing homes, assisted living, and funeral homes.