News + Insights

As families grow, kids go off to college, or lifestyles simply adjust, it is common to move houses multiple times in our adult lives. “Passive income” is a hot topic, and having a rental property is becoming more and more popular. When buying a new home, people often wonder if they should keep their existing home and rent it out versus selling and taking the proceeds.

These are many of the questions people ask themselves as they approach retirement. What they are really asking is, “What is my Wealth Gap?” Your wealth gap identifies how much more money you need to retire comfortably today.

While most people agree that saving for the future is important, putting this habit into practice is often difficult. According to a 2022 U.S. Federal Reserve Study, only 54% of adults said they had three months of living expenses saved in cash or its equivalent.

While most people agree that saving for the future is important, putting this habit into practice is often difficult. According to a 2022 U.S. Federal Reserve Study, only 54% of adults said they had three months of living expenses saved in cash or its equivalent.