The Jon Sanchez Show

Most retirement advice focuses on getting you to retirement.

Save enough.

Max out the 401(k).

Pay down debt.

Decide when to take Social Security.

Build an income plan.

All important.

But then one day something happens that we've spent almost no time preparing you for:

You actually retire.

Monday morning comes.

There's no alarm.

Nobody needs you at the office.

No meetings.

No commute.

No deadlines.

And for the first couple of weeks you think:

THIS ...

Normally when Aaron Clark joins me, we talk about buying houses, selling houses, interest rates, home values and the Northern Nevada real-estate market.

Today is going to be different.

This weekend, the Hawk Fire exploded outside Reno. Tens of thousands of our neighbors were affected by evacuation orders and warnings, homes were destroyed, and entire communities suddenly faced something most of us never expect to experience.

And Aaron...

“Here's a question for every parent listening today:

Do your children know what's in your estate plan?

Not whether you have a trust.

Do they know who you've put in charge?

Do they know what happens when you're gone?

Do they know where your documents are?

Do they know who to call?

And here's the uncomfortable one:

Do they know what they're going to inherit?

Some of you are probably thinking, ‘Absolutely. My kids know everything.&...

“Jon, I've got one rental property. It's doing well. I'd like to buy another one—but where do I get the money?”

I get some version of that question all the time.

And I think people sometimes assume that investors who own 10 or 20 properties started with millions of dollars.

Many didn't.

They started with one.

One property generated rent.

The tenant helped pay down debt.

The property potentially appreciated.

The investor a...

Does your retirement plan have a Plan B?

Most retirement plans are built around assumptions.

You're going to retire at 65. The market is going to provide a reasonable return. Social Security will start at a certain age. You're going to spend a certain amount every month. Your health will remain relatively good. Your spouse will be there alongside you.

And hopefully, that's exactly what happens.

But after doing this for as long as I hav...

Imagine you've been married for 30 years.

You've raised the kids. Built careers. Paid the mortgage. Saved in your 401(k)s.

And for decades you've both said the same thing:

‘Someday we'll retire.’

Great.

But here's my question:

Have you ever actually asked each other what retirement means?”

“Maybe his retirement is a 40-foot motorhome and six months traveling around the country.

Her retirement is grandchildren, garde...

I want to conduct an experiment today.

Let's take one house.

The homeowner thinks it's worth $850,000.

An online estimate says $810,000.

Aaron looks at the comps and says $790,000.

Dwight says he'd list it at $799,000.

Then we get an appraisal and it comes back at $775,000.

So I have one house—and five different opinions of value.

Who's right?

That's what we're going to figure out today.”

Then introduce the guys and hit Aaron imm...

Imagine Mom passes away.

The kids are grieving, but Mom always told them, ‘Don't worry. I have a trust. Everything is taken care of.’

So they open the trust documents.

And that's when the surprises begin.

The successor trustee Mom named 20 years ago is no longer in her life.

The house she bought eight years ago was never transferred into the trust.

One account has a beneficiary designation nobody expected.

And the trust distri...

“When most people see a house listed for $600,000, they immediately think the negotiation is pretty simple:

Do I offer $600,000?

$590,000?

Maybe $575,000?

But the purchase price is only one part of the negotiation.

Depending on the property, seller and market conditions, there may be a whole list of other things on the table.

Closing costs. Repairs. Mortgage-rate buydowns. Appliances. Inspection items. Closing dates. Contingencies.

...

“I came across a statistic that really caught my attention. In a Bankrate survey, 56% of American workers said they felt behind on their retirement savings.

Think about that.

More than half.

And I guarantee there are people listening to me right now thinking, ‘Jon, I'm one of them.’

Maybe you're 55.

Maybe you're 60.

Maybe you're 65 and retirement isn't some distant concept anymore.

And you're looking at your 401(k), your...

“I meet people all the time who tell me, ‘Jon, I'm retiring in five years.’

And my next question is usually: ‘Great. What are you doing differently today because you're retiring in five years?’

That's when I often get the blank stare.

Because knowing when you want to retire and actually being prepared to retire are two completely different things.”

Then set up today's show:

We're going to work backwar...

The conversation covers a range of topics, from market anxieties, stock market recap, real estate market challenges, family business announcements, and the impact of stubborn interest rates. It also delves into the ripple effects of UWM's situation and the potential impact on the mortgage industry. The conversation delves into the financial market volatility, real estate market analysis, and market dynamics and pricing strategy. Th...

One of the things I always tell people about retirement planning is that not every financial decision carries the same weight.

If you're 45 and you make a bad investment decision, you probably have time to recover.

If you're spending a little too much, you can cut back.

If your portfolio isn't allocated properly, you can change it.

But retirement introduces a different category of decisions.

Decisions that may be difficult—or some...

Let me ask you a question.

You've worked for 30, 40, maybe 45 years.

Every couple of weeks, a paycheck shows up.

You know approximately how much you're going to receive. You know when it's coming. And you've built your entire financial life around that paycheck.

Then one day you retire.

And the paycheck stops.

Now what?

You've got Social Security. Maybe you've got a pension. You've got a 401(k), an IRA, brokerage accounts, savings, maybe ...

When most people hear the word "foreclosure"...

They immediately think...

Someone stopped making their mortgage payments.

But what if I told you...

You could be current on your mortgage...

And still lose your home?

A recent report highlighted a growing trend of homeowners associations becoming much more aggressive in collecting unpaid dues. HOA-related foreclosure filings reached 6,376 properties in the first quarter of this year, nearly...

When most people hear the word "foreclosure"...

They immediately think...

Someone stopped making their mortgage payments.

But what if I told you...

You could be current on your mortgage...

And still lose your home?

A recent report highlighted a growing trend of homeowners associations becoming much more aggressive in collecting unpaid dues. HOA-related foreclosure filings reached 6,376 properties in the first quarter of this year, nearly...