Plan to Retire in Boston?

Depending on your age you may not be considering your future retirement or what you can do to plan now for that future.  Sure, there are investments and such, but what about your home? How could where you live help you down the road when it is time for retirement? There is a large difference in family wealth between Boston homeowner households and Boston rental households. Most of that difference is the result of equity built up over time.  In a report recently released by the nonpartisan Employee Benefit Research Institute (EBRI), they reveal how valuable equity can be in retirement planning.

Craig Copeland, Senior Research Associate at EBRI, recently authored a report, Importance of Individual Account Retirement Plans and Home Equity in Family Total Wealth, in which he reveals:

“Individual account retirement plan assets, plus home equity, represent almost all of what families have to use for retirement expenses outside of Social Security and traditional pensions. Those families without individual account assets typically have very low overall assets, so they have almost nothing to draw from for retirement expenses.”

So what can you do? Invest in your future with a home of your own in Boston. 

When you are ready to buy a home in Boston, contact an experienced Boston real estate agent. I am committed to providing you with the highest quality buyer service. When making the type of investment that buying a home requires, you deserve to have all the latest market information and the very best advice, both of which I can provide you with. I hope to speak with you soon!

Lucas Garofalo

Keller Williams Realty
(617) 861-3631
Lucas@LucasBostonHomes.com

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