Found 2 blog entries tagged as retirement.

Predicting Your Future Housing Needs

What will your housing needs be in three to five years? If you can figure that out, you can watch the market, target areas and neighbourhoods you might like to live in, and reap the benefits of planning ahead.

To begin the process, start by asking yourself the following questions:

  1. What will my family look like in three to five years? Will there be a new addition (or two) to your family? Will you have kids that are grown up and about to move out? What is the possibility that an elderly relative (Mom, Dad or grandparent) will be living with you?
  2. What will change regarding work and school? Will a teenager be off to college? Will you or your spouse be retired? Will someone in your household be starting a home business?
  3. How will your…

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Do you ever wonder how you’ll pay for your children’s education? Or your own retirement? The solution might be real estate. Consider:

FACT #1: “The Haves and the Have-Nots”
The gap between the rich and poor is growing rapidly. Top 20% average net worth family increased income by 80% over a dozen years; the rest averaged much less (38%).

FACT #2: Post Secondary Education is the Key
Earnings of full-time workers who have a college degree continue to accelerate faster than those with just a high school diploma. In 1979, the average college graduate earned 49% more a year on average than a worker with only a high school diploma. By 1994, the earnings gap had widened to 89%. Each year of formal schooling after high school adds 5% to 15% to annual earnings…

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