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Reply to "Retiring income will be about 12k monthly BEFORE TAXES "
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[quote=Anonymous]The equity in our paid of homes are 1.7mil, the paid off rentals are about 2.2mil and our iras/401k/brokerage is about 4mil. We usually call our handyman when there's a problem at the rentals, home depot and lowe's deliver & replaces broken appliances and haul away old ones...easy peasy...been a landlord for 25 years. The rental incomes pretty much cover all our basic expenses during retirement, dividends on top of that is just icing...we don't need to touch our stock portofios and feel secure in our diversification.[/quote]
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