Learn how you can “bunker” down for retirement.
What’s your retirement style?
An option, depending on your financial situation, could be to spend $1 billion and soak up the sun on some prime Beverly Hills real estate. Or, another option is that you could enjoy your retirement years in full-cowboy mode and buy an entire wild west ghost town.
You could also take things in another direction: Underground.
The underground world of missile silo sales
As strange as it may seem, you can buy old, decommissioned missile silos from the government (or whoever purchased them from the government), and do whatever you want with them. You can even live in them, which some people do.
Because some of these silos have already changed hands on the private real estate market, you can find available bunkers on a number of different websites. Some are relatively cheap, while others are priced in the millions. And they all have their unique quirks and features, including airstrips, guard towers, and more.
You can even lease your own private survival bunker for a modest price if you’d rather not buy.
Most of these bunkers and silos are in remote or rural locations, away from major cities. Here is a map of some current silos and bunkers available:
While this map doesn’t show all currently available properties, it does give you an idea of where to look.
Dig in: The pros and cons of retirement in a missile silo:
Why retire in a missile silo?
- Safety and security.
- Some gosh-darned peace and quiet.
- Never-ending bunker-improvement projects to keep you busy.
- As unique of a retirement experience as you’re probably going to find.
- It can be very isolating.
- No cell phone signal underground.
- The pizza delivery guy may have a hard time finding it.
- Stairs—lots of them.
Great! But how do I save up enough to buy one?
Aside from setting aside some additional money for your “dream bunker”, you may want to stash money away in retirement accounts—and the earlier you start, the better. There are two primary retirement accounts, IRAs and 401(k)s. And they have some significant advantages:
- Tax-advantaged, your diversified portfolio can contain stocks, bonds, cash, and funds of all kinds.
- Your money can make money with the help of compounding.
- If you’ve got a 401(k), you may be eligible for matching contributions from your employer
These are some of the investment vehicles that can put you in a position, as you reach retirement age, to buy that missile silo or Beverly Hills mountaintop or whatever else you are saving for in retirement.
Anyone can open an IRA (individual retirement account). With time and discipline, these types of retirement accounts can turn some people into millionaires. Keep in mind, of course, that IRAs have their risks, and you’re not guaranteed to become a millionaire.
Ready to start saving for your underground (or island, or mountaintop) retirement?
You can sign up for a retirement account today on Stash.