Rental property can be a great long-term investment while providing current income. However, they also can be a lot of work. And continuing the role of landlord during retirement can be downright exhausting. Another consideration is if you have paid-off properties and/or own significant equity in them, selling them to bolster your retirement savings could result in a rather large capital gains tab. After all, you won’t qualify for the same exclusion as you would for a primary residence.
Posted on: Mon, 29 Dec 2014 23:33:00 +0000
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