The Church at RB holds Preparing for Retirement: Managing Real Estate and Retirement

The Church at RB invites the congregation to participate in the following Online installment of Retirement: Managing Real Estate and Retirement. (Photo taken from the church’s website)

Members at The Church at Rancho Bernardo are invited to join the next Online installment of Retirement: Managing Real Estate and Retirement via Zoom on June 6 from 7 p.m. to 8 p.m.

In the church’s announcement, they noted that Brendan Gail from Team Priority would discuss what members need to know before and during retirement. She would also present how they could handle their biggest asses as they go into this next chapter of life.

They added that they would discuss essential topics. They would cover the tax implications and benefits of Prop. 19, formerly Prop. 60/90.

Parent-child transfers are also included.

The church announced they would discuss hedging against inflation with their investment properties. Participants would also learn about the advantages and disadvantages of communities for 55-year-olds and older. They would tackle updates on real estate market trends.

Good Neighbor Church

According to the church’s website, they want to be the church that takes Jesus. They are dedicated to being good neighbors in their community. They added that this mindset gives them a plan for how they would follow Jesus.

It is also why their church exists and how they live out the great commission, as posted on their website.

The church's mission is to invite each age group to experience the love and grace of Jesus so that people can have a complete life and families can be more robust.

They could also renew their neighbors through their goals.

Why Prepare for Retirement

Almost 40% of Americans have less than $5000 saved for their retirement, the Western&Southern Financial Group website revealed. They added that these statistics would likely cover only a few months of their needs. Considering that the total pension lasts about 20 years, they noted that saving is now crucial for an individual’s future.

The website discussed reasons why people should prepare for retirement. The total Social Security benefit is $1,400 per month. It may not be enough to cover their monthly needs. They added that by 2034, the government could consume all the current budget in the program’s reserves. This event means that the authorities may need to reduce benefits by 21% for future retirees.

They noted that Social Security helps give many individuals extra income. This fact is especially actual for those older Americans with lower incomes. But separate retirement funds, whether sponsored by an employer or a personal retirement account, could help improve their financial security.

More importantly, the website stated that people could maximize Tax-Advantaged Contributions when they start preparing for retirement while still employed.

Also, because of the compound interest, they mentioned that they would have the chance to earn more interest when they began to save early.

Compound interest means the funds they share today could earn interest.

As posted on the website, those who prepare for retirement could also avoid immense catch-up contributions.

They added that a person who contributes over 30 years could likely have more retirement funds than another retiree who only starts making regular contributions ten years before they plan to quit working.