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Reply to "I'm 44, net worth of about 1.3 million "
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[quote=Anonymous][quote=Anonymous]I saved 1 million and got 4 properties in Baltimore ( good areas), gross rent is $9000.00. Property management company manages for me. Instead of 401k, I decided to take this route. This way, after I am gone my kids will inherit the properties. So, 1 mil will provide me net 6k a month and principal remains untouched. [/quote] Ahh yes, any heir would rather have a rental property in Baltimore than a portion of a no hassle IRA.[/quote]
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