Chris and Gina Buy Houses
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​I bought my first investment property 15 years ago. It sure has been a fascinating journey!  10 years ago, I met my wife Gina and she has been along for the ride ever since.  We started this blog to share our stories and what we have learned along the way as well as to learn and share from others.  Whether you are in the market to purchase your first home, are a lifelong homeowner, or a seasoned investor, this blog's mission is to provide you with valuable education, tips, and advice. We have experienced a lot, however we also want to learn from you and your insightful knowledge! We'd love to hear your familiarity as a homeowner/investor: includingwhat has worked and what hasn't!

HOW TO GET READY FOR RETIREMENT

5/29/2021

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For most people, retirement feels like a long way off. But, if you don’t start preparing as early as possible, you may find yourself in a place of financial insecurity when the time does come. To avoid this, consider implementing the following tips.
  1. Calculate your target savings. In general, it’s recommended that you save between 10 to 15 percent of your income for retirement. However, you can always use an online savings calculator to determine the amount you need to save for your specific needs and goals.
  2. Contribute to your employer’s retirement savings plan. Does your job offer a 401(k), traditional IRA, or Roth IRA? Sign up and start saving as soon as they allow you to. It’s recommended to set up automatic paycheck deductions and, once the money is in your retirement fund, don’t touch it.
  3. Take advantage of employee benefits. Many employers offer matching which generally requires you contribute a certain percentage of each paycheck and your company will then contribute a matching amount with funds of their own. They might also offer health savings or flexible savings account. By contributing to these accounts, you reduce your amount of taxable income, allowing you to save more money.
  4. Pay off your debts. Start by paying off any high-interest credit card debt first. Then look at other debts, such as student loans and car payments, and make a plan for paying those off incrementally.
  5. Reduce daily spending. Although this feels like a no-brainer, spending your money thoughtfully now can make a big impact later. Seek out areas of your life where you can
  6. If you are looking to downsize then at Chris and Gina Buy Houses we may be able to help.  We can save you money on real estate fees, we can pay cash, you won't have to make any costly repairs or upgrades, and we are flexable so we can close on your timeline.  There is NO obligation or pressure so reach out to us today to see if we may be an option for you.
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    Chris McMahon

    Chris was born and raised in Saratoga Springs, NY.  He has been a member of the community for over 40 years both as a resident and as a teacher.  He bought his first investment property in Troy, NY in 2003 and has continued to be in the business ever since.  Chris resides with his wife Gina in Gansevoort, NY where he continues to teach in the Saratoga Springs City Schools and pursue his passion in real estate.  He is a licensed real estate agent with eXp Realty. 

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  • Home
  • Blog/Vlog
  • Area's We Serve
    • Saratoga Springs NY
    • Albany NY
    • Clifton Park NY
    • Lake George NY
    • Greenfield NY
    • Greenwich NY
    • Gansevoort NY
    • Ballston Lake NY
    • Delmar NY
    • Rexford NY
    • Glenmont NY
    • Altamont NY
    • Slingerlands NY
    • East Greenbush NY
    • Latham NY
  • Rentals
  • For Sale
  • Contact
  • Pictures
  • Videos