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Could you retire on a $1 Million?
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<blockquote data-quote="cleonard" data-source="post: 143574" data-attributes="member: 21"><p>Banks are paying about 1%. That's a non starter. Stocks can have a lot larger return, but it comes with risk. Bonds of various types pay better than the banks, but safer than stocks. Real Estate can earn pretty well. Diversification is a good plan as well. </p><p> </p><p>Say that you are in a market where rents run at near 1% of value per month and there is good demand for rental property. Take your million and buy five $150k homes for $750k. Invest the remaining $250k. Live in one and rent out the other four. Say you can get $1250/month or 0.83% per month. Your income will be $5k/mo or $60k/yr. Plus you have the $250k invested that hopefully gets 12.5k if invested at 5%. </p><p> </p><p>There are costs in a rental business. I'd guess at least 10k/yr in not a little more.</p></blockquote><p></p>
[QUOTE="cleonard, post: 143574, member: 21"] Banks are paying about 1%. That's a non starter. Stocks can have a lot larger return, but it comes with risk. Bonds of various types pay better than the banks, but safer than stocks. Real Estate can earn pretty well. Diversification is a good plan as well. Say that you are in a market where rents run at near 1% of value per month and there is good demand for rental property. Take your million and buy five $150k homes for $750k. Invest the remaining $250k. Live in one and rent out the other four. Say you can get $1250/month or 0.83% per month. Your income will be $5k/mo or $60k/yr. Plus you have the $250k invested that hopefully gets 12.5k if invested at 5%. There are costs in a rental business. I'd guess at least 10k/yr in not a little more. [/QUOTE]
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Could you retire on a $1 Million?
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