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* Due to Robert’s untimely passing, this article was posthumously finished by his brother, Timothy.
Despite recent market volatility exacerbated by the pandemic, inflation fears and the war in Ukraine, the S&P 500 was still trading in May 2022 at more than four times its value in early 2009, at the depth of the Great Recession. Between 2011 and 2022, average home prices in the United States nearly doubled.1 Rarely in U.S. history have so many individuals owned so much highly appreciated property.
A large percentage of those assets are owned by those approaching retirement age in numbers that have never been seen in U.S. history. Some 55 million Americans are now age 65 or older,2 and over 10,000 more are reaching that milestone each day.3
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