Buy or Sell Los Angeles High-Rise Condominiums & Lofts

Agence Immobiliere en Californie

Prêt Immobilier Aux Etats Unis

BUYERS AND SELLERS PLEASE READ THE FOLLOWING PARAGRAPH VERY CAREFULLY IF YOU DO NOT WANT TO SPEND YOUR RETIREMENT LIFE IN POVERTY.

Today you can no longer buy & sell real estate like in the old days. You have to adapt to the changes. Today many people struggle because they cling to old ideas. They resist change. The information in their head is ancient history. What worked for our parents and grandparents is no longer working today for the following three reasons:

1. We Live Longer. In 1900 life expectancy for a man was 46.3. Today life expectancy in the U.S is 77.9. Almost double than what it was in the 1900.

2. Health Care Cost Has Skyrocketed. It's called “Health Scare”. According to Fidelity Investments, the average senior retiring at age 65 this year will need $240,000 to pay the out-of-pocket costs of health care for the rest of his or her life.

3. Social Security is in Danger and Fewer Companies Offer Pension Plans. Retirement income is supposed to come from three sources: pension benefits, Social Security and personal savings. Forget for the moment that Social Security is in jeopardy, and that personal savings among Americans are at historically low levels.

Our parents worked nearly for 30 years or more in the same company, and as a result have collected a monthly pension check for the past 20 years or so. Imagine that -- paternalistic companies routinely offered pension benefits to employees who clocked in for 40-hour weeks that stretched into 20 or 30-year careers. These companies valued their employees' loyalty enough to reward them with an income long after they ceased to be productive, for the sunset phases of their lives.

Lately these traditional pension plans have been fading into the horizon. Sure, some companies still offer them, but the numbers are dwindling.

How will you live through retirement if you have failed to build wealth?