Hi
I'm 42 and retiring at 50. Have enough now to retire but want to retire comfortably and frankly, at 42, I only work 15-20 hours per week and I have fun doing it so I don't mind the wait.
I have a financial planner who is "fee only" and has us in a basic "asset allocation" mix, 70/30 stock bond and mainly index ETFs, and a scattering of individual stocks. I pick stocks in my own ROTH account which is only around 30k and have had mixed results and am still in the process of deciding whether or not I even want to pick stocks OR simply manage an asset allocation strategy with mutual funds and etfs.
I am toying with the idea of investing slowly in single family homes. We had neither the bubble nor the bust up here in Central Maine and I can still get decent 2 BR 1BA homes for under 100k. We don't need the income, so in talking to a trusted agent I know, he told me that single family homes to him offer a nice long term gain (and cash flow once mortgage is amortized) with MUCH LESS hassle than even 2 to 4 units. (lower turnover, higher class of clientelle, etc).
Thanks for anything wisdom you can impart to someone in my enviable position, who wants to make it even more enviable. And I am always here for the same.
I'm 42 and retiring at 50. Have enough now to retire but want to retire comfortably and frankly, at 42, I only work 15-20 hours per week and I have fun doing it so I don't mind the wait.
I have a financial planner who is "fee only" and has us in a basic "asset allocation" mix, 70/30 stock bond and mainly index ETFs, and a scattering of individual stocks. I pick stocks in my own ROTH account which is only around 30k and have had mixed results and am still in the process of deciding whether or not I even want to pick stocks OR simply manage an asset allocation strategy with mutual funds and etfs.
I am toying with the idea of investing slowly in single family homes. We had neither the bubble nor the bust up here in Central Maine and I can still get decent 2 BR 1BA homes for under 100k. We don't need the income, so in talking to a trusted agent I know, he told me that single family homes to him offer a nice long term gain (and cash flow once mortgage is amortized) with MUCH LESS hassle than even 2 to 4 units. (lower turnover, higher class of clientelle, etc).
Thanks for anything wisdom you can impart to someone in my enviable position, who wants to make it even more enviable. And I am always here for the same.