RJ&S News

Ready for Retirement?

It can be shocking to hear how many people spend more time planning their vacation or next mobile phone purchase than planning for retirement. It is hard to imagine that they are expecting Social Security will take them through their golden years. A person who has paid in the maximum each year to social security can assume to receive about $30,000 a year.investable assets.png

Every adult in the work force, should go to SSA.gov to find out what they can expect based on their planned retirement age. Since it probably won’t be the amount you need to retire comfortably, at least you’ll know how much you’ll be short so that you can devise an investment plan.

There’s an easy rule of thumb used to estimate the investable assets needed by the time they retire to generate a certain income. The target annual income is divided by a safe, conservative yield to determine the investable assets needed.

A person who wants $80,000 annual income generated from a 4% investment would need investable assets of $2,000,000. If a person had $500,000 now, they would need to accumulate $1.5 million more by the time they retire. They would need to save about $100,000 a year to be ready for retirement in 15 years.

If saving that amount does seem possible, an IDEAL alternative could be to invest in rental homes. The familiarity of rental homes like owning a personal residence can reduce some of the risk. Rentals also enjoy other characteristics like income from the operation, depreciation in the form of tax shelter, equity buildup from the amortization of the loan, appreciation and leverage from the borrowed funds controlling a larger asset.

Some investors explain the strategy by buying good rentals with mortgages and having...

Homeowner Tax Changes

Homeowner Tax Changes

The new tax law that was signed into effect at the end of 2017 will affect all taxpayers. Homeowners should familiarize themselves with the areas that could affect them which may require some planning to maximize the benefits.

Some of the things that will affect most homeowners are the following:

  • Reduces the limit on deductible mortgage debt to $750,000 for loans made after 12/14/17. Existing loans of up to $1 million are grandfathered and are not subject to the new $750,000 cap.
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  • Homeowners may refinance mortgage debts existing on 12/14/17 up to $1 million and still deduct the interest, so long as the new loan does not exceed the amount of the existing mortgage being refinanced.
  • Repeals the deduction for interest on home equity debt through 12/31/25 unless the proceeds are used to substantially improve the residence.
  • The standard deduction is now $12,000 for single individuals and $24,000 for joint returns. It is estimated that over 90% of taxpayers will elect to take the standard deduction.
  • Property taxes and other state and local taxes are limited to $10,000 as itemized deductions.
  • Moving expenses are repealed except for members of the Armed Forces.
  • Casualty losses are only allowed provided the loss is attributable to a presidentially-declared disaster.

The capital gains exclusion applying to principal residences remains unchanged. Single taxpayers are entitled to $250,000 and married taxpayers filing jointly up to $500,000 of capital gain for homes that they owned and occupied...

It's that time of year!

It’s that time of year when we start counting our blessings and begin planning for the year ahead.  Thanks to our faithful customers and clients 2015 is going to be a banner year, both for me personally and for Rainey, Jones & Shaw.  Once again this year we will be giving a portion of our profits to our favorite charities in the name of our buyers and sellers. 

In the coming year we will be strengthened by our new partnership with Leverage Global Partners, an international real estate referral network that also offers state of the art social networking and marketing resources as well as broad national and international exposure for our listings.

As you plan for the New Year please let us know if you are contemplating a move and let us help you with a market analysis or staging ideas to make your move go smoothly.  In the meantime have a Happy Thanksgiving and a Joyous Holiday Season.

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RAINEY JONES & SHAW REALTORS JOINS LEVERAGE GLOBAL PARTNERS


RAINEY JONES & SHAW REALTORS JOINS LEVERAGE GLOBAL PARTNERS, THE FASTEST GROWING NETWORK OF INDEPENDENT LUXURY REAL ESTATE BROKERAGES IN THE WORLD

Rainey Jones & Shaw Realtors Becomes Exclusive Leverage Global Partner for Louisville, KY 

For Immediate Release

Beverly Hills, CA –October 22, 2015–
F. Ron Smith, President of Leverage Global Partners, recently welcomed Rainey Jones & Shaw Realtors as the Network’s exclusive member in Louisville, KY. A unique alignment of the most prestigious independent real estate brokerage firms around the world, Leverage Global Partners offers its members the opportunity to better serve their clients’ relocation and real estate portfolio needs by establishing each member firm as key players in the international real estate arena.

“We personally vet each real estate brokerage before offering them membership, so we are certain that Rainey Jones & Shaw Realtors is an innovative and forward-thinking market leader, offering exceptional service to their clients and to the communities in Jefferson County and Oldham County,” said Smith. “We are thrilled to welcome them to Leverage Global Partners.” 

As a member of Leverage, Rainey Jones & Shaw Realtors will be promoted as the Network’s exclusive representative for the Louisville area, facilitating a framework in which the company can expand and compete with larger franchise networks. Through Leverage’s “Just Ask” referral program, Rainey Jones & Shaw Realtors associates are offered personal introductions and provided access to top firms around the world, ensuring them incomparable networking ability in the worldwide...

Rainey, Jones & Shaw Realtors has joined Leverage Global Partners

Rainey, Jones & Shaw Realtors has joined Leverage Global Partners, a real estate referral network in 16 countries.  All offices are medium to large independent real estate brokerages focusing on local, national and international sales and relocations.  RJ&S listings get national and international exposure through Leverage Global Partners state of the art website:  www.LeverageRE.com

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