Boomers Look To Real Estate To Afford Retirement

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As many as 10,000 baby boomers retire daily. Members of this generation are increasingly looking to real estate to diversify their retirement portfolios and boost returns.

Many boomers have realized their retirement plans are not sufficient and have turned to alternative investments, such as real estate, to compensate. About 30% of baby boomers have no retirement savings and one-quarter have less than $50K saved, according to research by GoBankingRates. 

These boomers, who were born between 1945 and 1964, survived the Great Recession and were raised by parents who survived the Great Depression. They have been employed in a world where pension funds are growing less common and employer-led 401(k) retirement accounts are increasingly more common.

Retired couple

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Paying For Predictability

“The alternative investment world doesn’t become more popular until it’s time for people to retire,” The Entrust Group Director of Professional Development John Paul Ruiz said. Entrust provides services for self-directed individual retirement accounts (IRA), which, unlike typical IRAs, allow for alternative investments like real estate. 

Retirees typically want their investments to become more stable before making withdrawals. 

“Many of our clients think, ‘What other types of investments can I hold in my IRA that are outside the securities world because I can’t handle another crash?,’ Ruiz said.

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Residential Versus Commercial Investment

Many turn to commercial real estate because the monthly rent they can collect does not undergo the highs and lows of stocks and bonds. Precious metals, notes and timber have also become more popular. Investors recognize residential real estate in core markets typically increases in value with proper maintenance, and owners can collect rent on the asset.

In the commercial world, leases run several years, allowing the stability of collecting rent to transcend smaller cycles, CBRE Managing Director of Global Industrial and Logistics Jack Fraker said. 

Within real estate, single-family homes remain the most popular asset for IRA holders to purchase, according to research from The Entrust Group. In 2016, more than half of the real estate purchases made by Entrust clients were for single-family homes. Last year, more than a quarter of clients purchased multifamily properties, and about one-fifth purchased raw land.

“Within the last 100 years, the best places to put money is in the marketplace and in real estate. One of main reasons [why] is familiarity. You may not ever talk to the money manager of your mutual fund. But with a real estate asset, you can see it; you can meet your tenant,” Ruiz said.

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WHERE CAN I FIND CALIFORNIA AVOCADOS?

 

Zac Benedict 07 / 23 / 2014

CALIFORNIA AVOCADO SEASON

California Avocados are generally in season from Spring – Fall with some California grown avocados available earlier or later depending on location. During peak season, California Avocados are available at stores around the United States, with distribution in California, Nevada, Arizona, New Mexico, Colorado, Oregon and Washington and in select grocery stores around the rest of the United States.

FIND CALIFORNIA AVOCADOS

Helpful tips to make finding California Avocados easier.

Look for our “California” label

We’ve made considerable strides in more clearly identifying country of origin for California grown avocados. Although not all avocados are identified with our “California” branding, all avocados should be labeled with where they are from on a sticker or label. Look for “California” on the label to know you are getting fresh, locally (California) grown avocados.

Don’t forget organic

Many times, due to supply or other supply-related issues, retailers will have a different country of origin for their organically grown avocados. If you can’t find conventionally grown California Avocados, don’t forget to check the organic section.

Check with the produce manager

First of all, if you can’t find California Avocados in your produce aisle, you should check with the produce manager at your grocery store as they may have an update on when to expect them. Communicating with them and letting them know about your preference will also be helpful in getting your California Avocados sooner. The produce department personnel are there to help and if they know of shopper preference for California grown avocados they will try to accommodate as best as they can.

Avocado festivals

Many farmers come out to sell their avocados at avocado festivals. There are several different avocado festivals in California that occur annually. View our list of avocado festivals

Farmer’s markets

Many farmer’s markets carry avocados during avocado season, and even out of California season with other non-Hass California Avocado varieties. Locate a farmer’s market near you that is selling avocados. Just confirm with the seller or grower that they are from California.

Order California Avocados online

If you’re looking for California Avocados and have exhausted all other options, consider ordering avocados online and supporting one of the many California Avocado growers selling directly to consumers. The often sell other, non-Hass, avocado varieties as well.

Ask us in the comments and we’ll investigate for you

We get this question a lot, and I try to reply to every single inquiry. We have representatives all over the United States and can generally help locate California grown avocados near you if they are in season.

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