Real Estate News 11/27/2023

Today’s News Synopsis:

The retirement planning landscape is rapidly evolving in today’s world. We are grappling with the challenges of an aging population, an uncertain social security future, and financial instability risks. These issues prompt a critical reevaluation of our financial future strategies. Self-directed IRAs offer exciting benefits, but we must also explore broader retirement planning contexts and strategies to reduce risk in the coming years.

In The News:

uDirect IRA – “RETHINKING RETIREMENT” (11-18-2023)

“Self-directed IRAs are a key tool in retirement planning, but addressing the challenges of an aging population and uncertain social security requires a broader approach. Embracing personal responsibility, recognizing traditional methods’ limitations, and exploring innovative strategies like SDIRAs and Self-Directed 401(k)s are essential.”

NAR  –  “3 Trends for Upgrading Kitchens, Baths, Storage” (11-27-2023)

“Kitchens, baths and storage are on the minds of more homeowners. Thumbtack, a home improvement resource, recently evaluated its database of millions of remodeling projects nationwide to uncover the top renovation trends for this fall. ”

CNBC  –  “Will climate change make your homeowners insurance unaffordable? Here’s what you need to know” (11-27-2023)

“While climate change isn’t solely responsible for rising homeowners insurance premiums (higher construction costs and other factors also play a role), it’s a major contributor — mainly because of the increased likelihood of natural disasters.”

Yahoo Finance –  “Buying and renting are so much more expensive now — but one is still cheaper almost everywhere” (11-22-2023)

“It’s noticeably more expensive to buy or rent in this post-pandemic era. But all in all, it’s still cheaper to rent, according to a new analysis from a Bank of America economist.”

Money.com –  “Social Security and the 2024 COLA: Everything You Need to Know” (11-27-2023)

“This cost-of-living-adjustment, abbreviated COLA, is calculated by the Social Security Administration every fall based on the average inflation for the third quarter of the year, which spans from July to September. The bigger the difference is between this and the inflation rate for the previous year, the higher the Social Security COLA will be.”