Update on retirement at age 56 and now at age 78
I was able to cash in 2 life insurances because all my kids are financially secure and doubled my money. I bought 4 homes at a modest price, increased the sale prices by $10,000.00 each, resold as land contracts at 7% interest to be collected over 15 to 20 years. This works for me.
It gives me an income each month that I can live comfortably on for the rest of my life and hopefully my mentally handicapped adopted son so that he can be independent.
I look at keeping up w/ the cost of living as a job to manage. Each Jan. I reevaluate my finances and try to pick the best way to deal w/ it.
I retired at age 56 and have managed so far to keep a float..thanks