Here we answer "Frequently Asked Questions" pertaining to real estate specifically as it relates to your retirement.
Our resident Retirement Consultant, Jim Otar, CMT, CFP, offers to answer the questions specifically about financial planning for retirement and designing a plan for life-long income...
Q: Do I/we have enough money to retire?
A: This was the question Rita, my better half, asked me 12 years ago. At first, I told her, “Don’t worry, I am the financial planner in this family, leave it to me”, I continued with confidence, “after all, our former financial planner gave us a forecast in 1992. He was using a 12% average annual growth rate and look how rich we would be according to his plan!”
Then something unexpected happened: I threw away my financial planner’s hat. I found my old engineer’s hat in the attic, dusted it off, and I started researching this as an engineer.... Click here to continue reading...
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