Suncrest Capital

Younger workers are getting a head start on saving for retirement, compared with older generations. Those in Gen Z, report starting at age 22, compared with 27 for millennials. Baby boomers, who began their careers before employers widely offered automatic enrollment into 401(k) plans, started at an average age of 37. The early start is putting younger workers on track to surpass their elders in retirement savings according to data from Vanguard Group. By the time older millennials, around 37 to 41, now earning a median salary reach retirement, Vanguard estimates they will be able to replace almost 60% of their income with Social Security and savings from sources including their 401(k)s and individual retirement accounts. Gen Xers and the youngest baby boomers with median earnings are, by contrast, likely to replace about half of their paychecks in retirement. Source: https://lnkd.in/giTZSBwS Suncrest Capital builds generational wealth for investors and their families. Learn more at www.suncrestcap.com #retirementsavings #generationalsavings #401kenrollment #financialplanning #retirementpreparation #incomereplacement #vanguarddata

Brett Bowman, our Chief Investment Officer shares another personal story on how a book inspired him: "I stumbled upon Rich Dad, Poor Dad (by Robert Kiyosaki) and started just learning about leverage, real estate, and why there's so many benefits of it Between the taxation and you can take your money further. All those kinds of things" #personalinspiration #financialeducation #richdadpoordad #leverageinrealestate #taxationstrategies #investmentinsights #financialempowerment

Retirees with little financial background have to figure out how to make their nest eggs last for as long as several decades, a task Black Rock Chief Executive Larry Fink called “an impossible math problem” raising alarms about a retirement crisis. It is hard for workers to imagine what their 401(k) balance ultimately buys in retirement. Source: https://lnkd.in/giTZSBwS Suncrest Capital builds generational wealth for investors and their families. Learn more at www.suncrestcap.com #retirementplanning #financialliteracy #nesteggmanagement #retirementcrisis #financialeducation #401kawareness #longtermfinancialplanning

There are rules of thumb to measure your retirement readiness. One shortcut devised by Fidelity Investments, calls for saving 10 times your annual salary by age 67. A household with a median income of $75,000 would need to have $750,000 saved by age 67. To hit those targets, Fidelity recommends saving about 15% a year starting at age 25, including any contribution your employer makes to a 401(k)-type account. This approach is designed to replace 45% of your income—or $45,000 annually for someone with a $100,000 salary—with Social Security providing the rest. Source: https://lnkd.in/giTZSBwS Suncrest Capital builds generational wealth for investors and their families. Learn more at www.suncrestcap.com #retirementreadiness #financialplanning #retirementsavings #fidelityinvestments #401ksavings #incomereplacement #retirementtargets

A downside of mobile home parks is that many of them have poor financials Their book keeping is just co-mingled or you can't get clean books All that gets really crazy when you're trying to finance it. Which can be challenging #mobilehomeparks #financialchallenges #bookkeepingissues #financingstruggles #investmentrisks #realestateobstacles #propertymanagement

What's cool about buying mobile home parks is... ...if you buy a 100 unit mobile home park, maybe 20 of those pads are vacant. There's no actual homes there So you're considered 100% economically occupied because there's 80 homes and 80 of them are occupied. But you still have 20 pads that are physically empty. You can increase your physical occupancy It's a bit like, if you took a 4-story apartment complex and add 2 more stories without having to vacate any of those tenants #mobilehomeparks #investmentadvantages #economicoccupancy #propertyexpansion #rentalincome #realestateinvesting #assetutilization

Brett Bowman, our Chief Investment Officer shares his experience with single families: "I started doing the typical single family rentals then got into duplexes. That's when I realized that, Holy Cow! This is gonna take forever to build up this net worth that I wanna be getting with single family homes. And it's just not scaling like I thought it would" #realestateinvesting #propertyportfolio #investmentinsights #scalingstrategy #wealthbuilding #rentalproperties #investmentjourney

There is no single magic number or formula for knowing when it is financially safe to retire. The actual size of the nest egg you need depends on factors including your income, marital status, expected longevity, where you plan to live in retirement, and whether you want to leave money to heirs, Kurt Rupprecht, partner and private-wealth adviser at K Street Financial said. Source: https://lnkd.in/giTZSBwS In 10 years, our investment partners will have doubled their original contributions through cash flow and appreciation. Call us at (888) 750-8050 (Suncrest Capital) #retirementplanning #financialsafety #nesteggsize #retirementfactors #wealthmanagement #investmentgrowth #financialconsultation

People often end up retiring earlier than expected, due to job changes or health issues. Others find they already have enough saved. About 35% of retirees the nonprofit Employee Benefit Research Institute surveyed in 2023 said they retired sooner than planned because they felt they could afford to, down from 41% in 2021. Source: https://lnkd.in/giTZSBwS In 10 years, our investment partners will have doubled their original contributions through cash flow and appreciation. Call us at (888) 750-8050 (Suncrest Capital) #earlyretirement #retirementplanning #financialsecurity #jobchanges #healthissues #retirementreadiness #retirementsurveys

One of the main benefits of mobile home parks is that it's just so cheap In a past off-market deal we bought a unit for $8,000. Which is insane To go develop them, you're looking at $20,000 - $25,000 per unit #mobilehomeparks #realestateinvesting #propertydevelopment #housingmarket #investmentopportunities