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Anthony o neil. it s great to see you this morning. so some interesting stats to start with here, anthony. the average retirement savings balance in 203 is $89,300. that is about enough to cover it s not enough to cover two years it worth of expenses, a little over one year of expenses for a retiree. how can they get this more in balance. good morning. thanks for having me back on. the first thing is, that s not even really enough to enjoy life for the whole year. let s go to the basics, let s go to the main thing that s eating it up. it s housing, especially if you re at a season where the kids left, it s maybe just you and your spouse, or just your c it s time to down size. nothing wrong with selling your home and possibly renting right now. it s not a season to re-fi because of high interest rates. ....
And this new offer just unveiled by the company tied to the chinese government, the kushners are looking at walking away with $400 million, including some really inexplicable sweeteners to the deal, like a $250 million loan from their last re-fi effort. they would only have to pay back 50 of it. it s an 80% off sale. everything must go. this would be a massive purchase, though. way bigger than the hotel del coronado. but like any other major purchase by a company like this, this would have to be approved by a committee on foreign investment in the united states. it s not an obscure committee. its members are basically the whole cabinet. secretary of defense, secretary of treasury, secretary of homeland security, secretary of commerce, et cetera. yeah. sorry, actually. this would be the old committee ....
Really inexplicable sweeteners to the deeal, like a $250 millin loan from their last re-fi effort. they would only have to pay back 50 of it. it s an 80% off sale. everything must go. this would be a massive purchase, though. way bigger than the hotel del coronado. but like any other major purchase by a company like this, this would have to be approved by a committee on foreign investment in the united states. it s not an obscure committee. its members are basically the whole cabinet. secretary of defense, secretary of treasury, secretary of homeland security, secretary of commerce, et cetera. yeah. sorry, actually. this would be the old committee on foreign investment in the united states. that s who was on it during the obama administration. now it s the trump administration. so now this is the committee on ....
it s so nice to be here. nice to sit next to you. this is the news from a to b. i love it. i m brooke baldwin. it s bright and early. we do appreciate it, brooke. 5:00 a.m. in the east. let s start with this one, shall we? hitting the road today. up first, the obama bus tour ready to roll this morning and heading for the white house. betting on america tour kicks off with four campaign stops in ohio today, and then it s on to pennsylvania for an appearance in the steel city tomorrow. brenda keeler is live in washington. i like that beginning, ohio, because in the campaign we like to say ohio, ohio, ohio. but really, the message is kind of universal for president obama. he wants to hit the economy hard, doesn t he? reporter: he ll be talking about the economy and he s trying to draw a contrast. he ll be emphasizing the auto bailout. that plays very big, specifically in ohio, because this is a place that is number one when talking about auto suppliers. he ll als ....
To narrow the settlement to just the servicing conduct. i don t want to get too far in the weeds but what the heck. what you were you were critical of the you were critical of the settlement as proposed in earlier iterations of it. you would not sign on to that you were satisfied enough in and had not been crossed you were willing to sign on to this agreement. well, there had to be more robust principal reduction and had to be the capacity to re-fi, too. out of the $25 billion which, as your guest just said, you know the $20 billion, $25 billion, $20 billion of it credits back to the banks what they should have been doing or trying to get them to do already. immediate to be sufficient enough program where you had real true $17 billions in principal reduction but ability form understudded underwater, on-time borrowers to re-fi. ....