Often, real estate agents and financial planners have sour views of either other, but both offer great assets to help plan for retirement.  Real estate investing and traditional financial investments of stocks and bonds are not either/or strategies; they are a great complement to each other.  Building a balanced portfolio means investing in both traditional financial assets and real estate.

I recently sat down with Denver Wealth Management co-founder Zachary Bouck and Service Advisor Austyn Garcia to talk about their approach to investing and why they think real estate is a key aspect to any retirement plan.

Listen to the podcast or watch the YouTube video to get the full conversation. 

Why Real Estate Is an Important Part of Retirement Planning

Both Zachary and Austyn own real estate that will be a part of their long-term financial planning.  Zachary’s personal plan for retirement is to max out his 401K and buy a property every year.  Currently, he owns several properties in Denver and the metro area.  Austyn owns a condo that he plans to hold onto and rent out when he moves into something bigger.

Zachary says that the clients he has who are most successful usually have a few paid-off rental properties they use for cash flow.  Those clients always have stronger retirement savings because their income is spread across stocks and bonds, real estate, and social security. 

In fact, most clients who are business owners who come to them with $1MM or more usually got that money from owning the property.  Long-term investment in real estate often pays more than the business itself. 

Key Takeaways

• Denver Wealth Management’s approach to financial planning is for money to serve their clients to live the lives they want.  They focus on people, place, and purpose.  Do you have people in your life you value; are you in a place you want to be; do you have a purpose that fulfills you?  Once they know what drives their clients, they figure out how much money they need to achieve that goal.
• If clients have the time and energy to actively invest in real estate, they recommend it as a way to get a higher return on their investments.  If time or energy isn’t available, they’ll look at the stock and bond markets. 
• While most clients have an S&P 500 index fund, they also focus on specific industries, such as biotech, energy, and healthcare.  Denver Wealth Management takes a long view of investing and knows that while some industries might not see great returns in a particular year, the overall trend of growth is what will drive returns over a long period of time.

Connect with Denver Wealth Management

Be on the lookout for another episode with Denver Wealth Management in mid-February.  In the meantime, go to their website to learn more about the company, their philosophy, and areas of expertise.  Make sure to listen to my episode on Zachary and Austyn’s podcast, Mind of a Millionaire.

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