Re: My Escape Plan - Insights Wanted
Here's an option for you:
When you sell your house, buy a small commercial space if available for a decent amount. Rent this space for commercial rates and you'll find that these rates rock compared to residential plus commercial tenants don't complain nearly as much as residential folk do. Pay a friend to manage the property for you or pay a management company. figure at least 6% for that fee.
At the end of the cruise, sell the property and hopefully it has increased in value by then but your principle should mostly be in tact. My thought on this is that the rate of return should be way higher than the 5% that you would be lucky to get in an annuity.
just a thought.
Tartan 37-C, #59