A recently evolving huge factor to consider is the incredible rate of inflation we are now facing. The cost of housing is just one component of it. The prices of homes have risen 20 - 40% in the last year or so in many communities.
One retiring today needs to evaluate whether he has enough to deal with inflation. I will be 80 next month and thankfully still own some commercial rental properties. The rents from the month to month leases on them are up 33% from a year ago. The stock market has been on a what, twelve year bull run, but that can end any day or continue. No one really knows. Interest rates have been held at historic lows for many years and they will likely soon be raised. Savings accounts currently pay next to nothing. There is a lot to consider for one retiring today.
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"No one is more hated than he who speaks the truth." Plato
“To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine
Last edited by manaboutown; 12-12-2021 at 09:55 AM.
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