The Omaha World-Herald lays out a problem that is deeply troubling. “The American dream of a blissful retirement, free of financial worries, is dying.
“Most U.S. households are heading for a worse lifestyle in retirement than they had while they were working, because they simply aren’t saving enough, experts say. Thirty-five percent of households in their prime earning years or later have nothing saved in a retirement account and no access to a traditional pension, according to an AP analysis of savings data from the Federal Reserve.”
Among households that do have some savings, a problem that is deeply troubling is the small amount of savings typically about $73,200. That’s about 15 months of the median household’s income.
“As the gap widens between the few households who don’t have to worry about a comfortable retirement and everyone else. The anxiety even stretches across political affiliations. Nearly equivalent percentages of Democrats and Republicans say they’re not managing very well in retirement planning, a recent survey from Lincoln Financial found.”
What can you do today with interest rates so, to jumpstart your retirement future? How about real estate?
There are a lot of different ways to invest in real estate. You can fix and flip properties; wholesale them (purchase properties at a discount and sell them to other investors); invest in deeds, trusts, or liens; and even become a hard money lender who makes short-term loans to help other investors close deals.
For most seniors, though, I think the best approach is to purchase rental properties or partner with other investors in income producing property. Here’s why:
Is real estate right for you?
Real estate isn’t for everybody, but if you are facing retirement or have already retired but don’t have enough income, real estate is one of the quickest and best ways to generate wealth. Historically, most real estate returns range from 5 percent to 21 percent, but the percentage can be even higher depending on how long you hold the property.
If you answered yes to any of those questions, it may be time to consider Investing in real estate. Real estate gives you the opportunity to control your financial future and create the retirement you want.
Styl Properties, Inc. is part of a nationwide group of thousands of investors who are helping tens of thousands of homeowners every year. We may not be the “traditional” route, but we CAN help and we can do it quickly.
Give us a call today at 402.999.0577 to let us know what YOU need help with!