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Using Rental Properties to Create Retirement Income

July 8, 2019 By 51 Comments
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A few months ago, I crossed paths with real estate investor G. Brian Davis who asked if he could write a guest post for Can I Retire Yet? Using rental real estate to create retirement income is a topic of interest for many readers, and a topic Darrow and I have little personal experience to share. So I said yes. (We have no financial relationship with Brian or his company SparkRental.)

This is also a topic of personal interest for my wife and I. After a successful one year experiment as landlords, we recently started studying different real estate markets as we decide whether we want to pick up a few properties and get into real estate investing for the long term.

Brian does a nice job of summing up the pros and cons of investing in real estate for others pondering whether to diversify their portfolios. So I’ll let him take it away . . .

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Filed Under: Guest Post, Investing, Retiring Tagged With:

Building Your Retirement Getaway Home on the Cheap

July 1, 2019 By
wood cabin

Who doesn't dream of having their own little getaway home? Maybe it's a condo in a favorite city. Or a timeshare at a beach or ski resort. Or a cabin in the mountains. Owning a second home has long been a perk of the affluent. With rising standards … [Continue reading]

Filed Under: Saving Tagged With:

June 2019 Best of the Web

June 24, 2019 By

Each month we share the best resources we've found to help you save more, invest better, and retire sooner. Popular topics are building wealth, DIY investing, creating retirement income, managing risk, and limiting your tax burden to enable you to … [Continue reading]

Filed Under: News

Helping Aging Parents With Their Money

June 17, 2019 By

Many of us will have to care for aging parents at some point in time. For some, that will mean managing your parent's finances as they deal with dementia or Alzheimer’s disease. For others, it may mean helping support your parents financially or … [Continue reading]

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3 Reasons a Child Can Help You Retire Sooner (And 1 Big Reason Why You Shouldn’t)

June 10, 2019 By

Are raising a family and saving for early retirement compatible? Raising children costs money. There is no disputing it. A common narrative says having kids makes achieving a secure retirement difficult. And early retirement is a pipe dream for … [Continue reading]

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My Biggest Retirement Fear

June 3, 2019 By
money bomb with burning fuse

Last November was a bad month for us. My wife went in for major dental work. We broke an expensive iPhone. My Forester needed two new engine seals. Altogether, the bills amounted to thousands of dollars. So much for our frugal retirement budget that … [Continue reading]

Filed Under: Saving

May 2019 Best of the Web

May 27, 2019 By

Each month we share the best resources we've found to help you save more, invest better, and retire sooner. Popular topics are building wealth, DIY investing, creating retirement income, managing risk, and limiting your tax burden to enable you to … [Continue reading]

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3 Bad Financial Decisions That Helped Me Retire Sooner

May 20, 2019 By

We tend to judge our decisions by outcomes. In her book Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts, Annie Duke points out the faulty logic of thinking this way. We love things to fit in neat little boxes. But … [Continue reading]

Filed Under: Retiring, Saving

Why Is Investing So Difficult?

May 13, 2019 By

We write about many topics on this blog. One consistently popular topic is investing. It’s honestly hard for me to wrap my head around why our investing posts are so popular. Darrow annually publishes a post sharing his investment portfolio. … [Continue reading]

Filed Under: Investing

Budgeting or Expense Tracking: How Much is Enough?

May 6, 2019 By
budgeting tools

One day in 1991, a package arrived at my doorstep. Inside were thick paperback user manuals, and a shrink-wrapped bundle of floppy disks. I carefully sliced open the shrink wrap and inserted the first disk into my desktop computer. I then typed the … [Continue reading]

Filed Under: Saving

April 2019 Best of the Web

April 29, 2019 By

Spring is a time of new beginnings. If you've been putting off planning retirement, we've got a great collection of articles from around the web this month to get you back on track. This month's articles explore the benefit of preparing for … [Continue reading]

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Choose FI: Your Blueprint to Financial Independence

April 22, 2019 By

My last day of work as a physical therapist was Friday, December 1, 2017. The following Monday I sat down to begin work on a book that I’ve felt the need to write for years. For the past 17 months, I’ve been collaborating with Brad Barrett, … [Continue reading]

Filed Under: News

Staying Strong in Retirement

April 15, 2019 By

Retirement planning exposes some cruel ironies of life. Most young people have an abundance of time and health in their school/training years, but little money to take advantage of these non-financial assets. Most of us enter our adult years … [Continue reading]

Filed Under: Retiring

Reasons to Live: Finding Your Purpose after Retirement or Financial Independence

April 1, 2019 By
Telescope Peak

What, exactly, is the point of retirement? With all our focus on the mechanics of saving and investing, it's easy to lose sight of the bigger picture. Is financial independence really your goal, or is your ultimate purpose something that lies beyond … [Continue reading]

Filed Under: Retiring

March 2019 Best of the Web

March 25, 2019 By

It's time for our monthly collection of the best articles from around the internet to help you save more, invest better and retire sooner. We start with a few articles about the advantages of investing for the long term and end with articles … [Continue reading]

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Order of Operations for Tax Advantaged Investing

March 18, 2019 By

U.S. tax laws are complex. Spending my time and energy thinking about complicated tax schemes ranks right up there with having dental work done. . . without novocaine. However, mistakes I made early in my career made me realize that totally … [Continue reading]

Filed Under: Taxes

Staying Healthy and Mobile In Retirement

March 11, 2019 By

I’m passionate about helping people use their money to live a better life. I’ve written hundreds of blog posts and recently finished a book manuscript to these ends. But I have no formal training in investing or financial planning. I’m also … [Continue reading]

Filed Under: Retiring

4 Things I Gave Up to Retire Early

March 4, 2019 By
Deadhorse canyon

Every significant accomplishment in life requires trade-offs. It's the law of cause and effect. If you want to be an Olympic athlete, you'll be training while others are relaxing. If you want to be a doctor, you'll be grinding through medical school … [Continue reading]

Filed Under: Retiring

February 2019 Best of the Web

February 25, 2019 By

February has come and nearly gone. It's time to share the best articles we've found around the web from the past month. We have a little something for everyone this month. We start with two heavy hitters in the retirement planning space … [Continue reading]

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Financial Autopilot

February 18, 2019 By

In an era of two income households struggling to make ends meet, my story sounds extreme. I retired from my career as a physical therapist at the age of 41 while my wife cut back to part-time work five years earlier at age 35. Some might think we … [Continue reading]

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Building Your Work Optional Life

February 11, 2019 By

Tanja Hester and her husband, Mark Bunge, retired in December 2017 at the ripe old ages of 38 and 41. Hester, author of the award winning blog Our Next Life, is releasing a new book, “Work Optional: Retire Early the Non-Penny-Pinching Way,” to help … [Continue reading]

Filed Under: News, Retiring