Available for Interviews: Don Garman
Don Garman is the Founder and Chief Investment Officer of Mirador Capital Partners and Co-Founder of Tri-Valley Ventures. A seasoned investor in both public and private companies for over 30 years, Don leads Mirador’s Investment Committee and oversees each of the firm’s proprietary investment strategies.
What Don Garman can say in an interview on
Taking Advantage of Your Home Equity in Retirement:
As you’re thinking about retirement, it’s important in today’s world to realize you probably won’t be able to retire solely on returns from your investment accounts. Tapping into your home equity can be an attractive solution depending on where you live. Here’s what you need to know about that process.
People today are living and working longer. In the 1990s, the average American expected to retire at 57 years old. Today, that number is 66. Economically, this means that people will need to rely on more income in their post-work years than what may be considered traditional. Investment income and Social Security alone will not be enough to provide for the lifestyle many are expecting to live in retirement.
If you’re living in an expensive area, the equity in your home is likely your most valuable asset. It’s worth considering options to exploit it. If you are in this position, you should consider tapping into your home equity to produce an income stream.
Individuals who are six to seven years away from retiring should focus on paying down their mortgage, that way, when they retire, they can activate a 20 year income stream.
Being aware of this options mechanics and rates is a beneficial exercise even if you do not end up tapping the funds.
Interview: Don Garman
Don Garman has earned the prestigious designations of Certified Financial Planner® and Certified Investment Management Analyst®. Prior to founding Mirador, Don served his clients at two of the nation’s largest advisory firms. He is very active in the Tri-Valley area and supports many community organizations, including The First Tee of the Tri-Valley, The George Archer Foundation, and the Livermore Valley Wine Growers Foundation. He also serves as President of the Tri-Valley Cal (UC-Berkeley) Alumni Club. Don lives in Pleasanton with his wife Mindy and has two children, Emma (Georgetown University) and Scott (high school sophomore). He is an avid drummer, golfer, and snowboarder.
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