RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

America’s Favorite Investment? Real Estate

August 23, 2017 2:00 am

Looking for the best way to invest your money long-term? Most Americans say real estate is the way to go.

According to a recent report from Bankrate.com, when asked the best way to invest money not needed for more than 10 years, 28 percent of U.S. adults replied real estate, followed by cash investments (23 percent), the stock market (17 percent), gold/other precious metals (15 percent) and bonds (4 percent).

The Bankrate.com survey has been conducted five years in a row and this is the third straight time real estate has grabbed the number one slot. Interestingly, the stock market has never placed higher than third, which is particularly surprising since the S&P 500 is up more than 50 percent since the question was first asked in July 2013.

Republicans and households with annual incomes of $75,000 or more were the only demographic groups to select stocks as their preferred long-term investments. Baby Boomers and members of the Silent Generation were more likely to choose stocks than millennials and Gen Xers.

The Bankrate.com Financial Security Index dipped slightly recently, but is still at its third-best reading since the Index debuted in Dec. 2010. Four of the five components have improved from 12 months ago: job security, comfort level with debt, net worth and overall financial situation. However, Americans are feeling slightly worse about their savings relative to last year.

Feel free to contact me if you’d like more information about investing in real estate.

Source: Bankrate.com

Published with permission from RISMedia.


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How to Save for Your Child's College Tuition

August 23, 2017 2:00 am

Whether your child is five or fifteen, saving for their future is important. It's never too early to start squirreling away money for tuition. To help, MassMutual offers the following five tips for families planning and saving for college:

Start early. Start saving what you can at birth. Little monthly or annual savings really add up over 18 years.  

Make it automatic. Consider automating checking account or payroll deductions to interest-earning savings accounts specifically designed for higher education, such as a 529 savings plan.

Encourage monetary gifts (including 529 plan gift cards) from family members and friends for college savings plans for gift-giving events. Prior to your child's birthday and holidays, remind loved ones that the best gift they can give is the gift of a strong future.

Know how much you need to save. Determine how much you need to save using free online tools such as MassMutual's college savings calculator.

Protect your loved ones for unexpected events. In addition to saving for school, life and disability income insurance are solid considerations for parents with children.

Source: MassMutual

Published with permission from RISMedia.


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