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    Diversification through rental property?

    I occasionally come to this site as it seems to have what I consider excellent member/comments, lots "way over my head". I actually had to reset to get back in because I wanted to comment. I am simply an hourly factory(machinist). Have some college and consider myself avg or slightly below...
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    Do you need 70% of your pre-retirement income

    My Pension Freezes At the end of this year. I have almost 28yrs. In lieu of the frozen pension they are going to add an additional 5% of our gross annual income at the end of each calendar. The mega-corp I work for has been extremely hard on its hourly work force and I have only had 1 2.5% wage...
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    Do you need 70% of your pre-retirement income

    WOW Thank you everyone for your thoughts. My wife/I have always "planned" for retirement and it's pretty cool to find others w similar interests. A lot of what you said are the same as what we think and that's very reassuring. We are pretty simple and it doesn't take a lot to keep us happy. If...
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    Do you need 70% of your pre-retirement income

    To continue your same standard of living. That seems to be the "standard" the financial planners and some of the calculators? I realize this will vary wildly depending on your lifestyle and how many revenue streams you have, how long it has to last. I'm also curious how many stick to the...
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    Just joined today!!

    Thanks Everyone Yes, at least for the next several years we plan to manage and do as much of the mtce as well...that will be our "job" in retirement. We also have a couple ppl that helps us as well. If we need more help we will supplement as necessary. I don't have the numbers in front of me...
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    Just joined today!!

    Hello Everyone, My wife/I are both 51, plan to retire 4/1/18 after 30yrs as an hourly employee working in mfg. We have been married a couple years. Rental Property is going to be a pretty significant portion of our retirement. I found this site about a week ago and have followed a little...
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