Help me to Retire

Here’s an interesting article I came across today, have a read -

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Source - Deppro newsletter

The significance of the baby boomers in the Australian property investment market is underlined by new figures released by DEPPRO.According to Paul Bennion, Managing Director of DEPPRO, some 50% or around half of all property depreciation reports prepared by DEPPRO are for baby boomer investors. “Baby boomers have been very active in all the markets now serviced by DEPPRO throughout Australia,” Mr Bennion said. “A growing number of baby boomers in Australia now view property investment as a low risk way of building wealth for their retirement compared to the stock market or even superannuation,” he said. “Many baby boomers have been attracted to buying investment properties because they can leverage the large amounts of equity they have in their owner occupier homes to organise home loans in excess of $1 million to purchase several investment properties. “For many baby boomers, property investment is now a financial imperative because a recent survey indicated that less than 10% of all baby boomers have more than $100,000 in superannuation. “This financial imperative is further underlined with the year of baby boomers (people born between 1946 to 1965) turning 60 years of age during 2006,” Mr Bennion said. “DEPPRO is finding that baby boomers are now particularly active in the ‘red hot’ property markets of the Northern Territory and Western Australia,” he said. “For example, more than 65% of depreciation reports for property investors in WA which are prepared by DEPPRO are for baby boomer investors.
Paul Bennion - Managing Director of DEPPRO - Depreciation Specialists

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There sure are a lot of Baby Boomers out there that will be relying on the government for assistance! Do yourself a favour while you still have time, get into property! The next property cycle is already upon us. Prepare now, do your research and look into living off your equity, you’ll be glad you did in years to come.
Also keep this in mind about your Super (401k). At the moment everyone is putting money into (topping up as they are encouraged to do) their Super funds and therefore into the markets… the markets have been going up… As the baby boomers retire and start taking their money out, where do you think the markets are going to head? Real estate could look pretty dam good then! Get yourself a copy of the book Rich Dad’s Prophecy by Robert Kiyosaki, it goes into more depth.