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Reply to "Helping my hopeless parents plan for retirement"
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[quote=Anonymous]Just reread the second post from Op. The rental property is worth 900K and they are having a hard time coming up with the property taxes, which isn't that surprising. I would imagine that the taxes on a 900K rental property are not cheap. That doesn't even touch the fact that the property needs to be maintained, too. They need to sell that rental property. When they sell it they will have plenty of money left to fund their retirement. If they invest that money wisely, they can live off the interest and still have plenty of money to leave to their kids. What they can't do is barely make ends meet and maintain this expensive property. They will need a financial advisor to help them invest that money.[/quote]
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