
Episode #56
Rates Reshape Housing Market, the Retirement Gap, AI Botches Financial Tests
With mortgage rates surpassing 7%, it’s created a ripple effect within the housing market for buyers, sellers, and even the industries that are directly tied to housing such as bankers, builders, and insurance professionals. Host Gene Marks says it’s not time to panic but it’s time to plan and budget and be strategic. Switching to retirement, there should be a little panic, especially after a report came out that shows 76.2 million U.S. workers lack access to an employer-sponsored workplace retirement plan. Learn what Gene has to say about the benefits for owners and workers if a 401(k) plan is in place. In AI news, the tech struggled with a finance test as only 43% got answers right. Listen to the podcast. Topics: 00:00 – Introduction 01:00 – Mortgage Rates Reshape Housing Market 05:03 – Retirement Gap Starts with Plan Access 08:45 – AI Failing on Financial Advice 11:30 – Episode Wrap-up Additional Resources HR Metrics Cheat Sheet: https://bit.ly/hr-metrics-formulas Does your state mandate workplace retirement plans? https://bit.ly/retirement-plan-access Learn about Paychex Retirement Services: https://bit.ly/payx-retirement DISCLAIMER: The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

