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FTI Consulting Employees: Is Now the Time to Sell Your Home, or Should You Wait?

Healthcare Provider Update: FTI Consulting provides its U.S. employees with a comprehensive benefits package that includes medical, dental, and vision coverage. Employees can also access Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), life and disability insurance, and mental health support. Additional perks include paid parental leave, tuition reimbursement, and a 401(k) plan with matching contributions 2. Healthcare costs in the United States are projected to continue rising through 2026, with insurers proposing significant premium increases for Affordable Care Act (ACA) plans. A recent analysis found that ACA insurers are seeking a median premium increase of 15% for 2026, marking the largest hike since 2018. This surge is attributed to factors such as the anticipated expiration of enhanced premium tax credits, rising medical costsincluding expensive medications and increased hospital staysand a shift in the risk pool towards higher-cost enrollees. Without the renewal of enhanced subsidies, out-of-pocket premiums for ACA marketplace enrollees could increase by more than 75% on average. Click here to learn more

In view of the expected property price growth, FTI Consulting employees should consider their real estate as an important part of their wealth and determine their readiness to sell, recommends Tyson Mavar, a representative of The Retirement Group at Wealth Enhancement Group. 'Knowledge of the market trends and timings can make a huge difference to your financial returns.'

'Wesley Boudreaux of The Retirement Group at Wealth Enhancement Group recommends that FTI Consulting employees determine how the anticipated rise in home values will affect their personal financial plans. It is possible that delaying the decisions on the housing market, especially in the current economic environment, may improve their long-term financial position.'

In this article, we will discuss:

1. 'Forecasted Trends in Housing Prices: An analysis of the predicted rise in house prices by Bank of America and the possible positive implications for homeowners, particularly those from the FTI Consulting company in light of the pandemic and current mortgage rates.'

2. 'Economic Factors Influencing the Housing Market: Examining how changes caused by the pandemic, including increased remote working and preference for suburban areas, along with fluctuating mortgage rates, are influencing the present and future of real estate.'

3. 'Strategic Considerations for Home Selling: Examining the advantages and disadvantages of not selling a home until the prices rise and how population changes influence the housing market trends.'

Learn why it is beneficial to hold off on selling your real estate property in today’s market and how these tips can help you maximize your return on investment.

According to Michael Gapen, the Chief US Economist at Bank of America, the prices are still going to rise quickly. According to the bank, house prices will grow by 5% in 2025 and 4.5% in 2024. For the FTI Consulting employees who plan on selling their homes, it may be worth considering the post-pandemic world and the present mortgage rates. It might be better to wait for a few more years.

The property market has been on the rise post-pandemic and the values of homes have increased by 6% on average every year. This has created a very good market for those who own the properties. Bank of America has pointed out that this trend is likely to persist.

In their most recent analysis of the housing market, Gapen and his team expect prices to keep rising by 4.5% this year and 5% in 2025. They predict that there will be no cooling down of the market until the year 2026, which means that current homeowners, including those from FTI Consulting, might stand to benefit from waiting since higher sale prices may be possible in the near future.

The Virtue of Patience

There are several good reasons why it could be advantageous for homeowners to prevent selling. Gapen points out that the economic effects of the pandemic are still ongoing and may not reach their fullest in late 2025. This has also increased long-term housing trends such as working from home and preferring suburban areas which still keep the prices high. Another important factor for homeowners is the changing mortgage rates. Many got rates as low as 3% during the pandemic. With rates now sitting at 7%, it may actually be more advantageous to remain in one’s home. The Federal Reserve may cut rates later this year, but Bank of America believes it may take years for the difference between current and historical mortgage rates to disappear, which makes a strong case for staying in one’s home.

Possibility of Price Increases After 2026

Homeowners can expect price increases for the next two years at the minimum. If the impacts of the pandemic decrease to the point of almost being unnoticeable by the end of 2025, the market may level off and even experience a slight rise of 0.5% in 2026. The macroeconomic conditions are expected to improve, the housing supply is expected to increase, and the monetary policy is expected to loosen, which should bring down the prices. However, there is a possibility of prices rising even after 2026.

Historically, real personal discretionary income has been highly correlated with housing prices. As Bank of America notes, the current momentum in home prices may lead to sustainably higher prices than the fundamental values. This inertia provides homeowners, including those at FTI Consulting, with more opportunities for appreciation. If the effects of the pandemic are worse than expected, and the housing market remains strong, prices can rise another 5% by 2026. Furthermore, the population dynamics in the subsequent years will continue to stimulate housing demand. Millennials have now become the largest home buying segment and are likely to influence the market in a big way.

Therefore, it is recommended that a homeowner only considers selling their property when they are certain that they can sell at a higher price due to market trends. A recent Harvard University study pointed out that the percentage of older individuals with mortgage debts has doubled over the last three decades, which is good news for many retirees to wait out potential increases in property value.

This information is not intended as a recommendation. The opinions are subject to change at any time and no forecasts can be guaranteed. Investment decisions should always be made based on an investor's specific circumstances. Investing has its risks, including the possibility of losing principal.

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Sources:

Santarelli, Marco. 'Housing Market: Sell Now or Wait? What Does Bank of America Say?' Norada Real Estate Investing July 8, 2024, www.noradarealestate.com/blog/housing-market-sell-now-or-wait/ . Accessed February 4, 2025.
Dahl, Roxanne. 'According to Bank of America Economist, Housing Market is 'Stuck' Until at Least 2026.' Weekly Real Estate News, July 7, 2024, wrenews.com/bank-of-america-economist-housing-market-stuck-2026. Accessed February 4, 2025.
Amelia. 'Bank of America: Housing Market Challenges Expected to Persist Until 2026.' Realty Biz Blog, 2024, realtybizblog.com/us-housing-market-stuck-until-2026. Accessed February 4, 2025.
'BoA Michael Gapen - Macro Economic Trends and Risks.' Motley Fool Community, September 11, 2022, discussion.fool.com/boa-michael-gapen-74773. Accessed February 4, 2025.
'Household Spending Remains Strong.' Bloomberg, undated, bloomberg.com/article/household-spending-gapen/. Accessed February 4, 2025.

What is the 401(k) plan offered by FTI Consulting?

The 401(k) plan at FTI Consulting is a retirement savings plan that allows employees to save a portion of their salary on a pre-tax basis, which can help reduce their taxable income.

How can employees enroll in FTI Consulting's 401(k) plan?

Employees can enroll in FTI Consulting's 401(k) plan by accessing the benefits portal or contacting the HR department for guidance on the enrollment process.

Does FTI Consulting match employee contributions to the 401(k) plan?

Yes, FTI Consulting offers a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.

What is the maximum contribution limit for FTI Consulting's 401(k) plan?

The maximum contribution limit for FTI Consulting's 401(k) plan is determined by the IRS guidelines, which can change annually. Employees should check the latest limits for the current year.

When can employees start contributing to FTI Consulting's 401(k) plan?

Employees at FTI Consulting can typically start contributing to the 401(k) plan after completing a specified waiting period, which is outlined in the plan documents.

What investment options are available in FTI Consulting's 401(k) plan?

FTI Consulting's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.

Can employees take loans against their 401(k) accounts at FTI Consulting?

Yes, FTI Consulting allows employees to take loans against their 401(k) accounts, subject to the terms and conditions outlined in the plan.

What happens to an employee's 401(k) account if they leave FTI Consulting?

If an employee leaves FTI Consulting, they have several options for their 401(k) account, including rolling it over to a new employer's plan, an IRA, or cashing it out, subject to taxes and penalties.

How often can employees change their contribution amounts in FTI Consulting's 401(k) plan?

Employees at FTI Consulting can change their contribution amounts at designated times throughout the year, as specified in the plan guidelines.

Is there a vesting schedule for FTI Consulting's 401(k) matching contributions?

Yes, FTI Consulting has a vesting schedule for matching contributions, which determines how much of the employer's contributions an employee is entitled to based on their length of service.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.

FTI Consulting offers a comprehensive benefits package, including retirement plans and a 401(k) plan designed to support employees throughout their careers. FTI Consulting provides a defined contribution plan for retirement, which includes employer matching contributions to the employee's 401(k) account. According to sources, the company offers a 5% match for employee contributions. Employees are eligible for immediate participation in the 401(k) plan upon hire, without a waiting period, and employer contributions vest after three years of service (FTI Consulting) (FTI Consulting). The company's 401(k) plan is referred to as the FTI Consulting 401(k) Plan, and employees can contribute a portion of their salary pre-tax, which is matched by the company up to 5%. Additionally, FTI Consulting offers a traditional pension plan as part of its defined benefit program. This pension plan provides 3% contributions from employees, with the company contributing an additional 5%, ensuring a robust financial security framework for long-term employees

In 2023, FTI Consulting announced a restructuring plan that involved streamlining its operations to focus on its core services. This restructuring included layoffs in several departments, particularly affecting support roles and administrative positions. The changes were part of a broader effort to enhance operational efficiency and adapt to evolving market conditions. Understanding these developments is crucial due to the current economic environment, which emphasizes the need for companies to remain agile and cost-effective amid economic uncertainties.

FTI Consulting offers stock options and RSUs as part of its employee compensation package. Stock options typically come with a vesting period and are granted based on employee performance and tenure. RSUs are also granted to employees, usually based on performance metrics and role within the company.

Search for employee reviews and benefits information on Glassdoor, where employees often discuss their healthcare benefits and overall satisfaction with the company. Indeed: Look up FTI Consulting's company profile on Indeed to see if there are any reviews or posted details about health benefits and related employee experiences. LinkedIn: Check LinkedIn for posts or updates related to FTI Consulting’s health benefits from current or former employees.