Coming up with a 20 percent downpayment is one of the biggest obstacles to homeownership for many prospective buyers. In the U.S., to buy a home at the median price…
A total of 39,775 investors — both individuals and institutions — completed at least one home flip in the second quarter of 2016, the highest number of home flippers since the second quarter of 2007 — a nine-year high.
Among the “baby boomers,” born after World War II and entering retirement in record numbers, 45 percent say they are expecting a decrease in their standard of living when they retire.
That’s a 6 percent increase over last year’s estimate of $245,000, and the highest estimate since calculations began in 2002, Fidelity says.
Some 31 percent of adults, or 76 million people, say they are struggling to get by, the Fed survey found.
Starting today, new rules that have taken years to complete allow just about anyone to risk $2,000 a year or more by investing in small companies or startups in exchange for a stake in the business.
However, “buying in retirement is only better than renting if retirees care about leaving inheritance.”
“Now more than ever, American families need investment advice that aligns with their interests,” said U.S. Treasury Secretary Jacob J. Lew.
Only a minority of all U.S. workers appear to be taking basic financial steps needed to adequately prepare for retirement.
The organization has launched Take a Stand, a nonpartisan national campaign pressing every presidential candidate to “lay out his or her plan to make Social Security financially sound so future generations receive adequate benefits.”