Why are they attractive? “Tax efficiency, liquidity, compund interest. If you don’t have $140,000 to buy that condo and start renting it out, you can find an REIT ETF satarting probably at $50,” says Ty Young.
“You see these advisors in their nicely pressed suits saying, ‘I only take clients with $500,000.’ All that is doing is limiting their business,” says Ty J. Young, an Atlanta advisor with his own wealth-management firm.
A record number of Americans are making hardship withdrawals from their retirement accounts. What does that mean for the future? We visit with Ty J. Young, president and CEO of Ty J. Young, Inc., a wealth management company.