Basis Financial Group

The best time to plan for your future is today.

Financial confidence doesn't happen by chance. It comes from having a strategy, staying committed, and making informed decisions along the way. If you're wondering whether you're on the right track, now is a great time to review your plan and make sure your future goals remain within reach.

For many Gen Xers, retirement is starting to feel less like a distant milestone and more like a looming financial reality.

The oldest members of the generation will turn 62 next year, the earliest age to claim Social Security. At the same time, many are approaching retirement with limited savings and fewer pensions than previous generations had.

The median Gen X retirement savings balance is about $107,000, while members of the generation estimate they’ll need roughly $700,000 for retirement. Social Security may also become an increasingly important source of income, with 41% of workers over 55 saying they expect it to be their primary source in retirement.

That gap is prompting some Gen Xers to rethink when they’ll stop working, how much they may need to save, and what retirement could realistically look like.

If retirement is getting closer, this may be a good time to review your savings, expected Social Security benefits, and other sources of retirement income.


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Gen Xers fret over the future of Social Security. "I will likely be working in retirement." Millions of Generation X Americans expect to depend on Social Security as their main — or only — source of retirement income.

Happy Labor Day! 🛠️
Today, we take a moment to recognize and appreciate the hard work of individuals across the nation.

Whether you're relaxing at home or enjoying a well-deserved day off, I hope you're able to recharge and enjoy this special day.

Please keep in mind that Basis Financial Group office will be closed today, but we will be back open tomorrow!

To the builders, creators, and doers: Happy Labor Day!

September brings cooler mornings and shorter days, but don't let it fool you, we're still in the Dog Days of Summer! ☀️🐾

As we head toward fall, it's a great reminder to make the most of the season that's left. Take that extra walk, enjoy a sunset, plan a final family barbecue, or simply slow down and appreciate the moments that make summer special.

Just like in life and financial planning, every season has its opportunities. The key is making the most of the time you have.

Summer may be winding down, but there's still time to create memories that last long after the season ends.

No matter what this week brings, remember that small steps still move you forward. Be patient with yourself, celebrate the little victories, and don't underestimate the power of consistency. Every day is a new opportunity to make progress. 🌟

New research from The Aspen Institute looks at what it calls “essential wealth”: a benchmark for financial resilience and major life milestones.

The benchmark includes having six weeks of take-home pay in savings, along with enough net worth to support goals such as homeownership and retirement security.

According to the report, about 34.5 million U.S. households fall short of that threshold.

The estimated net worth needed varies by age group:
18-29: $40,000
30-39: $120,000
40-49: $265,000
50-64: $530,000
65+: $775,000 for a couple with no mortgage

These figures are broad estimates and can vary based on income, location, household needs, and housing costs.

The broader takeaway is that income alone does not always show whether a household feels financially secure. Savings, assets, debt, housing, and long-term goals all help shape the bigger picture.


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How much wealth do you need to thrive? Here's the breakdown, according to new research. Three in four American households lack the wealth to weather financial setbacks and achieve major life milestones.

🎒📚 Back to School! 🍎✏️

Hey everyone! As the summer sun begins to set, it's time to trade in those flip-flops for some fresh kicks and head back to school. Whether you're starting a new grade, meeting new teachers, or reuniting with friends, this school year is your blank canvas. Let's fill it with laughter, learning, and unforgettable memories. Remember, every day is a new adventure waiting to unfold. Wishing you all a fantastic and successful school year ahead!

🌟

What is it about August?

Some trips are about getting away.

Others are about slowing down and really being there.

Lately, luxury travel has been less about doing more and more about choosing experiences that feel memorable, immersive, and just a little indulgent.

Whether that means returning to a favorite destination in a new way or heading somewhere you never thought you’d go, the common thread is simple: curiosity, comfort, and time to enjoy it.

If you could go anywhere next, where would you linger?

A bipartisan housing bill is drawing attention for its potential impact on home prices and housing supply.

The 21st Century ROAD to Housing Act would aim to boost housing availability by reducing certain construction barriers, encouraging zoning reforms, supporting factory-built homes, and creating incentives for localities that increase housing supply.

It would also restrict large institutional investors from buying additional existing single-family homes once they exceed certain ownership limits.

Housing affordability has become a major challenge in many communities. One reason is that the U.S. has built fewer homes than needed for years, helping push prices and rents higher.

Experts say the bill could help support new construction over time, especially for townhomes, multifamily housing, and smaller condo buildings.

However, any impact on prices would likely take time.

For buyers, sellers, and homeowners, the broader takeaway is that housing affordability often depends on more than mortgage rates. Supply, construction costs, local rules, investor activity, and policy decisions can all shape the market.


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Could the ROAD to Housing Act actually lower home prices? Here's what experts say. The 21st Century ROAD to Housing Act, which has rare bipartisan support, would make it harder for major investors to hoard homes.