New member introduction - San Jose CA
Hi ,
I have have been buying & holding single family homes for 30+years as an investment approach outside my occupation as an engineer/consultant. As I near retirement my wife and I wonder whether to stay in real estate or transition into another retirement plan. It seems like all plans being pitched can be described as diversify into the stock market & mutual funds, or buy annuities and pay someone 1% of my net-worth annually regardless of performance. I never had great luck in the stock market. My "retirement plan" today is to keep consulting part time. I'd like to hear from other investors on what their long term plans are and also those in retirement how have you changed your business model pre & post retirement?
As a second issue, since I have held most of my properties for many years half are mortgage free, fully depreciated and have insanely low taxes (thanks Prop 13). So I'm asset rich and cash poor.
Regards,
Brian