Recent content by 56mga

Thx for your comments. i believe we are already experiencing a bit of a slump, however, my current rents are about 100 to 200/month below the average, so I have a bit of room to absorb a decline in rents. I feel over the long run theses properties will continue to appreciate in value and the...

Thx for the ncouragement. I am nervous about the money, however I do have a swack of equity in my rental houses (approx$700K) and in my home (approx $700K) on top of my savings. I am already accumulating projects for retirement.I have started restoring my 56 MGA and do construction as a side...

As I live in Canada, Health Insurance is not as big an issue. In addition to the above yearly income, both my wife and I qualify for OLd age and Canada Pension. If we start taking this early at age 62 I beleve that would provide and extra $12K per year which would reduce the demands on my...

Thats a great picture, can I use it? Any thoughts on my retirement concerns?

Thx for the input. We are thinking of downsizing our home and putting an additional $200K into investments as a safeguard. the problem with selling the rentals is the capital gains tax (ooouch). Also, my rents are currently below market as I want long term family tennants. I could bump my...

I am 55 married and concerned over ability to retire. I have read postings with very impressive net worth. Your advice is really needed. Heres the data: Mortgage free (house value $650K) Cash/Equity investments $550K Pension (cash value) $110K (or $8K/yr) Pension (cash value) $40K (or $2K/yr) 3...

Thx for the tip on how to find firecalc. It was a bit difficult in that my portoflio is not all stocks and bonds, however, if I look at the total value of my investments ($1.4M) excluding my house, it looks as though I should not have trouble. However I do not want to liquidate my rental...

Thx for the comment. I realize my return on the rental property is ow, however, it does provide diversification and a hedge against inflation. The the value of the properties should go up as should the equity, and rental income. Im nervous about having everything on the market (or interest) as I...

I am 55 married and concerned over ability to retire. I have read postings with very impressive net worth. Your advice is really needed. Heres the data: Mortgage free (house value $650K) Cash/Equity investments $550K Pension (cash value) $110K (or $8K/yr) Pension (cash value) $40K (or $2K/yr)...

Thx for the advice, I will try the search you recommended

I am new to this site and need advice. I am 55, married and ready to retire, but nervous about pulling the plug. I want practical advice from folks who have gone to the other side and survived(flurished).