St Cloud Real Estate Factor That Brightens This Picture

St Cloud Real Estate Factor That Brightens This Picture

 The title alone was slightly chilling. St. Cloud readers didn’t have to be anywhere near senior discount age to furrow their brows if they happened to come across last week’s white paper, “Retirement Insecurity 2019.”

Worse yet, there wasn’t much in the National Institute on Retirement Security’s 28-page manifesto to brighten their mood. Fortunately for St. Cloud homeowners who are anywhere near retirement age, the picture that emerged left out at least one major contraindicating factor that St. Cloud Realtors® like me will be quick to point it out.

Washington, DC-based NIRS was forwarding the basic thesis—which is demonstrably valid—that the nation’s retirement infrastructure has undergone a decades-long process of systematic degradation. The traditional pension system has been replaced by individual accounts like 401(k) plans—or by nothing at all. Other factors magnify the problem—like changes in the Social Security retirement age and other adjustments.  

St. Cloud homeowners probably share the sentiments revealed in this year’s NIRS poll which showed that Americans are worried about financial security in their older years—and convinced that leaders in Washington don’t understand how hard it is to prepare for retirement. Specific numbers are shocking; like, “When all working individuals are considered, the typical American has zero dollars saved for retirement” and “Among workers who have managed to accumulate savings in a retirement account, that typical account balance is only about $40,000.”

Although it’s unarguable that retirement issues deserve more emphasis than they have been paid of late, there is one significant factor that seems to have been overlooked in this bleak summation. Since you’re reading it here, you’ve probably guessed that it has to do with St. Cloud real estate. St. Cloud homeowners who have been building equity in their St. Cloud properties might indeed have “zero dollars saved for retirement”—but only if you demand they sell their home before they have countable “dollars saved.”

Homeowners who have had the foresight to buy their St. Cloud home—particularly those who by retirement age have “retired” their mortgage—don’t need to sell the place to have succeeded in making a serious bite out of their own retirement insecurity. Free rent, for one!

Anytime you would like to explore more about building on your own St. Cloud real estate portfolio, do give me a call. Right now is a particularly apt time to do so!

Dog on Concrete Road

Providing a superior level of informed, professional real estate services to buyers and sellers throughout Central Minnesota.We have agents specializing in residential, commercial, multifamily, new construction, existing, investment properties, foreclosures/REO, and short sales with offices located in:

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Noel Johnson Headshot
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Phone: 320-980-3100
Dated: June 14th 2019
Views: 42
About Noel: Passion for investing in real estate brought me to create Premier Real Estate Services in 2002. Ten ...

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