Hello OP,
Regarding your retiremet plan, do some research ahead of taking the cash. Still accruing $$ with your service? What is the interest rate you will be receiving, Age of you and spouse, etc. Don't want answers to the questions, some thoughts for consideration. Companies often prefer the buy out as it is cheaper for them as oppossed to the long term financial liability.
Regarding Real Estate, another idea to consider is long term rentals in your local area. If your looking at single family and can get it priced right requiring some sweat equity long term rentals at the sweet price point for your area can build equity and cash flow and if your area is lower priced you can purchase multiple. As the end result is ROI, food for thought my friend!
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