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Started By
Message
Retirement planning advice
Posted on 2/23/25 at 12:43 pm
Posted on 2/23/25 at 12:43 pm
Background:
I am currently 43. Wife is 41. We each have just over 200k in our 401k’s. When we retire my projections have us an each around 2mil at the age of 65. We each also will qualify for a pension when we retire. Mine will be just over 4K a month and hers will be just over 5k a month. We have 50k in a HYSA and we have just over 100k in my fun investment account which has an annual return rate of 17.1% currently.
Now the question:
At what point do we start investing in rental properties if ever? I just don’t know because I feel we are in a great spot and I can see getting same ROA from the money being spent to add in out stock portfolio than on rental properties without the headache. What do you guys recommend and why?
Edited to add:
Our house will be paid off in 15 years but interest rate is below 3 so no desire to pay off earlier
I am currently 43. Wife is 41. We each have just over 200k in our 401k’s. When we retire my projections have us an each around 2mil at the age of 65. We each also will qualify for a pension when we retire. Mine will be just over 4K a month and hers will be just over 5k a month. We have 50k in a HYSA and we have just over 100k in my fun investment account which has an annual return rate of 17.1% currently.
Now the question:
At what point do we start investing in rental properties if ever? I just don’t know because I feel we are in a great spot and I can see getting same ROA from the money being spent to add in out stock portfolio than on rental properties without the headache. What do you guys recommend and why?
Edited to add:
Our house will be paid off in 15 years but interest rate is below 3 so no desire to pay off earlier
This post was edited on 2/23/25 at 12:46 pm
15
Posted on 2/23/25 at 12:47 pm to tigerbacon
I don't have an answer for your questions but just here to say you have done a very nice job getting to this point. Well done..
What is your annual income? That would be a factor in acquiring real estate i would think
What is your annual income? That would be a factor in acquiring real estate i would think
Posted on 2/23/25 at 12:52 pm to tigerbacon
Based on where you are right now, what's the need for rental properties?
Posted on 2/23/25 at 2:18 pm to HailToTheChiz
Exactly. Why go to the hassle when you’ll have enough in money and pensions to fund your retirement?
Posted on 2/23/25 at 2:37 pm to VABuckeye
I’m 56, about to be in the can retire if I want to phase. Bought a Lakehouse once our house was paid off a few years ago. We decided to put it on VRBO just to offset expenses/taxes etc. so far it’s been a good decision. My hope is it can be a mailbox money maker in retirement, have an asset that if unexpected emergency comes along can sell it if have to. We get families as renters not party people. Most of my planned retirement is 401k/IRA etc, so nice to have some diversity and way to make money outside of market fluctuations.
Posted on 2/23/25 at 3:07 pm to tigerbacon
I guess it depends on your temperament and how much you like hassles.
Lots of posters,on here are big on rental properties but the anecdotal stories I hear from people that have or have had rentals has me determined
I want nothing to do with them.
If someone gave me one ,I’d sell it asap.
With your retirement income,there’s no frickin way.
Lots of posters,on here are big on rental properties but the anecdotal stories I hear from people that have or have had rentals has me determined
I want nothing to do with them.
If someone gave me one ,I’d sell it asap.
With your retirement income,there’s no frickin way.
Posted on 2/23/25 at 3:16 pm to tigerbacon
Wby the Hassle, your numbers suggest you will be very wealthy in your 60s.
Posted on 2/23/25 at 3:43 pm to kywildcatfanone
Our annual income is 140k but will increase 3-5% a year. Thanks for the replies. I was leaning to no but everyone made it seem like I was missing out on an income stream. I guess I was getting FOMO
Posted on 2/23/25 at 3:46 pm to tigerbacon
Wanted to add that we have zero debt except the house payments. We currently don't have car payments and both are cars are around 100k miles so we started about 6 months ago throwing 500 into another savings account to save to buy a car cash in 4ish years and will continue for another 4 years after that to buy the second in cash
This post was edited on 2/23/25 at 3:47 pm
Posted on 2/23/25 at 4:08 pm to tigerbacon
Dude. Y’all will be bringing in like $20k/month at retirement with zero debt.
You’re doing great.
Here’s to a healthy 25 yrs.
You’re doing great.
Here’s to a healthy 25 yrs.
Posted on 2/23/25 at 4:22 pm to tigerbacon
quote:
age of 65.
Dont wait this long man, life is short.
Posted on 2/23/25 at 5:29 pm to Lakeboy7
quote:
Dont wait this long man, life is short.
My dad is finally hanging it up at 71 this week. Going to drive to Corpus and move him back to Youngsville on Friday.
I hope to be scaling back at 55 and see where I’m at. Probably always do something but more part time.
Posted on 2/23/25 at 5:51 pm to Rize
quote:
My dad is finally hanging it up at 71 this week. Going to drive to Corpus and move him back to Youngsville on Friday
Dad!! quote:
I hope to be scaling back at 55 and see where I’m at.
We all get hung up on investing but take a look at your debt and when you want to pull the pin. Successful retirement = no big monthly payments (house, cars, kids)
.
Posted on 2/23/25 at 7:19 pm to tigerbacon
Unless you like kicking out single moms who can’t pay rent, avoid rentals.
Posted on 2/23/25 at 7:27 pm to tigerbacon
If you have a hard on for real estate, buy something you will use in a few years. Rent it out for now. Personally, i would not want the headache, but you may be okay with it or be willing o hire a management company.
Just a thought.
Just a thought.
Posted on 2/23/25 at 8:05 pm to tigerbacon
I'd fully fund tax advantaged accounts before diving into rentals or playing more in your taxable brokerage.
Do you even have Roth IRAs? Do you max both 401ks? Is your health plan HSA eligible?
I had a rental and it was a nuisance I don't look to repeat.
Do you even have Roth IRAs? Do you max both 401ks? Is your health plan HSA eligible?
I had a rental and it was a nuisance I don't look to repeat.
Posted on 2/23/25 at 8:11 pm to tigerbacon
I don’t think rentals are required for everyone to accumulate wealth.
If you are handy, and like real estate then maybe it’s a line of income for you, but ultimately you are dealing with people so it is not necessarily easy.
My brother-in-law ONLY does commercial properties. He’s a successful real estate business owner. I think if duplexes or houses or apartments were easy ways to make money, he would have some.
If you are handy, and like real estate then maybe it’s a line of income for you, but ultimately you are dealing with people so it is not necessarily easy.
My brother-in-law ONLY does commercial properties. He’s a successful real estate business owner. I think if duplexes or houses or apartments were easy ways to make money, he would have some.
Posted on 2/23/25 at 9:04 pm to tigerbacon
Good job!
I am 55 and looking at approx 14k per month and you are killing that. I have 2 rentals that have been good for me they both networks about 1500 per month. I am not sure I want to keep them when I get to 70????
Congratulations
I am 55 and looking at approx 14k per month and you are killing that. I have 2 rentals that have been good for me they both networks about 1500 per month. I am not sure I want to keep them when I get to 70????
Congratulations
Posted on 2/23/25 at 9:38 pm to BHTiger
Thanks. How much time a month would you estimate the rentals take up? Also what do you average a year in maintained and what’s the ROI? Also what’s the appreciated on it?
Posted on 2/23/25 at 10:12 pm to tigerbacon
quote:
tigerbacon
Honestly less than 5 hrs each. Both have long standing tenants and have been super easy. I do the small stuff and if something like hvac goes out I just call a person I have worked with and trust.
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