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Senior Retirement Tips :: Pinchot Plan Retirement
Pinchot Plan Retirement: What is the Pinchot Plan and Can it Help You Save for Retirement?
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You may have heard of the Pinchot Plan - retirement savings professionals throw it around as a surefire method to earn income on your investments throughout your retirement.
But, does this investment idea really work? Is it just another Internet trend? Or is it simply a catchy name for what is a fairly basic investment idea?
To learn more about the Pinchot plan retirement strategies, how it works and whether it's right for you, keep reading.
Pinchot Plan Background
Gifford Pinchot was the first chief of the U.S. Forest Service and though this innovative investment idea is related to forestry, it actually has nothing at all to do with its namesake.
Essentially, the Pinchot plan advises investors to put their money with REIT firms, those firms that are exempt from paying corporate income tax, particularly those involved in forestry, raw materials extraction and land development.
The idea is that these investments will yield high returns, providing the investors with an ongoing source of income throughout their retirement.
Depending on what you read and where you read it, the recommended companies on a Pinchot plan investment list will vary. Some might include Longview Fiber, a timber producer, while others might include Potlatch Corp, a land acquisition firm. Typically though, the list includes Longview Fibre, Plum Creek Lumber, Potlatch, Rayonnier and Pope Resources.
The basic idea behind a Pinchot plan though is the same - invest in REIT natural resource firms – but the specific details will vary wildly depending on who's giving the advice.
Deciding Whether It's a Scam
Technically, the Pinchot plan isn't a scam - but, it is a blanket term used by investment professionals and REIT corporations looking to woo investors. The thing is, with every investment, regardless of whether it's part of a “plan,” you have to do your research.
Who are the companies being recommended? What are their returns really like? How have they performed in the past and how does that compare to other investment opportunities.
Another important consideration is can you do it yourself? If you're worried about cons or investment fraud, then you can always set up your own “pinchot plan” with your investment professional. Talk to them about how you want to invest in high-yielding REIT investments that will provide income returns or simply do it yourself.
Sustainable forestry or any natural resources are typically a sound investment strategy, but the question is – are the firms outlined in most Pinchot plan retirement strategies really the best ones? Again, do your research before you invest.
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SeniorRetireTips.com :: Pinchot Plan Retirement