The Jon Sanchez Show

I've got a question for homeowners today. And I think millions of Americans are wrestling with it. You bought or refinanced your house several years ago. Your mortgage rate: 3%. Maybe even 2-point-something. You probably brag about that mortgage. And you should. Because today, according to Mortgage News Daily, the average top-tier 30-year fixed mortgage rate is: 7.37%. That's more than double your...

I've got a number for you today that you're probably not going to believe. Yesterday, according to Mortgage News Daily, the average top-tier 30-year fixed mortgage rate was: 7.19%. Ouch. But now let me give you another number: 3.92%. No, I didn't travel back to 2021. According to new research from Realtor.com, nearly one out of every seven new-construction listings advertised some type of reduced...

I’m Jon Sanchez, and today we are talking about a retirement expense that almost nobody puts into their financial plan. It isn’t healthcare. It isn’t inflation. It isn’t taxes. It isn’t a stock-market correction. It’s your adult children. That may sound harsh, but this is not a show about criticizing young adults. Housing is expensive. Groceries are expensive. Insurance, childcare, automobiles and...

How do I keep my family out of probate? Before I give you my nine steps, however, there's something Nevada residents need to understand. Not every estate containing probate assets necessarily requires a full probate administration. Nevada has special procedures for smaller estates. And the numbers matter.

I want to talk about a number today that probably doesn't mean much to the average American: 5%. Today, the yield on the 10-year U.S. Treasury crossed 5%, reaching its highest level since 2007. At the same time, according to Mortgage News Daily, the average top-tier 30-year fixed mortgage climbed to 7.22%. And tomorrow afternoon, the Federal Reserve concludes its two-day meeting, with financial ma...

I was planning on talking about retirement today. Then something happened over the weekend that made me change today's show. And I'll tell you why. I use artificial intelligence virtually every day. I use it in my businesses. I use it for research. I use it to analyze ideas. I use it to help prepare this radio show. And I think artificial intelligence may ultimately become one of the most importan...

I want to ask you a difficult question today. And if you're married, it's a question I think every retirement plan should answer: Could your retirement plan survive your spouse dying? Nobody likes talking about this. I certainly don't. But one of you is probably going to die first. And when that happens, something interesting occurs financially. People tend to assume: ‘Well, now there's only one p...

Well, if you're shopping for a house today... The bond market just punched you in the mouth. 😂 The 10-year Treasury yield surged today, closing around 4.94%. And according to Mortgage News Daily, the national average 30-year fixed mortgage jumped another 10 basis points today to: 7.07%. Yesterday it was 6.97%. Tuesday it was 6.89%. So in roughly two days we've gone from 6.89% to 7.07%. And immedi...

If your husband died tonight, would you know what to do tomorrow morning? Where are the investment accounts? What does he have in his 401(k)? How is your house titled? Who is named on the life insurance? What bills are on autopay? Where are the passwords? Who is your successor trustee? Who do you call first? And maybe you're sitting there saying: ‘Jon, my husband handles all of that.’ Okay. That's...

I've got a question today for every parent listening who has adult children. Your son or daughter calls you tonight. They've found the house. They love it. They've got good jobs. They can handle the monthly payment. There's just one problem. They don't have enough money to get into it. And then come the six words every parent loves to hear: ‘Mom...Dad...can you help us?’ Welcome to the Bank of Mom...

Buying a house is funny. You walk through the front door and immediately start imagining your life there. You love the kitchen. Megan loves the backyard. You're already figuring out where the furniture goes. And then the home inspector says... ‘Can I show you something?’ Those may be the five scariest words in real estate. Because virtually every house has problems. The question isn't whether the...

I want everybody listening today to answer what sounds like an incredibly simple question: Who owns your house? You're probably thinking: ‘Jon, that's easy. I do.’ Okay. Pull out your deed. Because I'm not asking who lives there. I'm not asking who's making the mortgage payment. I'm asking: How is title actually held? Joint tenants? Community property? Community property with right of survivorship...

I've got the August Reno-Sparks real-estate numbers sitting in front of me today, and I'm going to warn you: They're weird. If you've been waiting for the Northern Nevada housing market to collapse so you can finally pick up that $800,000 house for $500,000... I've got some bad news. The median sales price in August was $625,000. That's actually 6.8% HIGHER than a year ago. But here's where it get...

There's a type of retirement risk we don't talk about very often. It's not a stock-market crash. It's not inflation. It's not running out of money. It's divorce. More specifically— divorce later in life. There's even a name for it now: gray divorce, generally referring to couples divorcing after age 50. And financially, divorcing at 55, 60 or 65 is very different from divorcing at 30. At 30, you m...

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....

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...

“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, ‘Absol...

“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 ap...

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. Bu...

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 g...

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 int...

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...

“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 i...

“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 look...

“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 bac...