Quote:
Originally Posted by Caymus
So, I am currently interviewing advisors. In my case, I am trying a find a fee-based advisor who can help me determine how much money I should be "paying" myself (before RMD's kick in). I have always lived below my means and am finding it difficult to open the spending floodgates during my first year of retirement.
The advisor I recently talked to has a relationship with my former company. They have a reasonable fee structure to develop a plan - Monte Carlo Simulation etc. One thing they suggested for income are Nontraded REITs. I read that they may not be easy to sell, and I assume they have high trading fees. Any opinions? I already have REIT funds inside my Roth IRA. They have done well until recently.
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Had a terrible experience with a REIT in the '90s. Lost about 75% of my investment when the dust Finally settled. I think Commercial real estate would be Especially dicey these days.