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Reply to "Age for 1 million in retirement - couple"
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[quote=Anonymous]It depends. We invested in rental properties (RP) from a young age as our retirement. In which case probably had $1m RP retirement equity by 35. As for $1m in broker retirement accounts. It will be in the next couple years about age 68-69 if the market doesn't bust. The nice thing about RP is it's not tempting to sell thru market cycles. The rent's go up with inflation rather or not the values fall. Whereas in Broker accts I'm always nervous about losing $ that may never come back. Always second guessing the accounts. It's like play money, ez come ez go. Not a good feeling. Retiring on 1m and experiencing a 40% drop will hurt. A 40% drop in real estate value doesn't affect my rental income until values come back. I've lived thru real estate crashes over the last 45 years and it doesn't phase me at all since I hold long term. The stock market goes down 10% and I can't sleep. [/quote]
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