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Motley Fool Answers

The State of Real Estate in the United States

Motley Fool Answers

The Motley Fool

Taxes, Saving, Money, Investing, Planning, Retirement, Personalfinance, Finance, Education, Business

4.4823 Ratings

🗓️ 20 April 2021

⏱️ 36 minutes

🧾️ Download transcript

Summary

Matt Argersinger, senior advisor for Motley Fool Millionacres, joins us to talk about how Covid-19 has impacted residential and commercial real estate and offers his advice for homeowners and investors going forward.

Transcript

Click on a timestamp to play from that location

0:00.0

This is Motley Fool Answers. I'm Alison Southwick and I'm joined as always by Robert Broke

0:08.2

Camp and headed down the trail, personal finance expert here at the Motley Fool.

0:13.1

I've been waiting a while to try to figure that one out. I don't know. It's fine. Don't

0:15.8

worry about it. Hi, bro.

0:17.8

Hi, Alison.

0:18.8

In this week's episode, we're joined by Motley Fool Million Acres, Senior Advisor,

0:24.0

Matt Argersinger. We're going to talk about the state of real estate in the United States.

0:28.8

All that and more on this week's episode of Motleyful Answers. So, bro, what's up?

0:35.7

Well, every once in a while, you may read about or hear about, including on this very podcast,

0:41.0

guidelines about how much you should have saved for retirement at this point in your life.

0:45.1

And they're generally expressed as a multiple of your household income.

0:49.4

But of course, these are just general guidelines, right?

0:51.4

And there are many variables that will determine how much you, dear answers, listener, need to be saving to retire how and when you want. So in this

1:00.5

What's Up Bro or Wub, as we call it behind the scenes, I'm going to highlight two of those variables,

1:06.6

the age you retire and your income. So let's talk about perhaps the best known guidelines. They came

1:14.1

from Fidelity. You could find them just do an online search for a report called How Much Do I

1:18.8

Need to Retire and you'll find them. But just so we review them very quickly here. According to Fidelity,

1:26.5

if you're 30, you should have one times your household

1:29.2

income already safe. So if you make $50,000, you should have $50,000 in your 401ks and

1:33.8

IRAs. Age 40, you should have three times your household income, six times at age 50, eight

1:39.4

times at 60, and 10 times at age 67. So the guidelines that you often read about or hear about from Fidelity, they assume you

1:49.1

are going to retire at age 67.

...

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