Thursday, August 30, 2012

Why is building wealth with real estate right for you?

If you are looking for financial security, retirement plans, pay for college for kids, travel fund, giving to others in need or if you want to leave a legacy to your friends, family and those who know you....real estate can be one of the best sources of wealth building in America...even in the roughest economies we have had. In fact, real estate might be the safest investment in any of the past economies we have ever seen.

Did you know:

  • 58% of people have not determined their retirement needs?
  • 15% of people are earning $50,000-plus in retirement?
  • 17.5% of people 65 or older are delaying retirement?
  • The median household income is only $50,000 per year

What does all this mean? If someone needs $80,000 a year today to maintain a lifestyle, and that person plans to retire in 15 years, and we know inflation will continue to increase on an average of 3% per year....that person would need $120,000 a year when they retire.

Other scary statistics about retirement plans:

  • 87% of Americans rely on Social Security for some source of retirement
  • 53% of Americans rely on income from assets for retirement
  • 42% of Americans rely on public or private pensions for retirement
  • 26% of Americans rely on earnings for retirement

No comments: