I thought about real estate , one school of thought is to have some kind of income to match at least the essential expenses and another school of thought is to rely on total return approach and have a healthy mix of stock/bonds to weather through bear markets. One problem with real estate it generates income month in month out that might be helpful to meet expenses but hard for tax planning purposes. I am currently some where in the middle. I am currently planning to generate about 15-20 K of income out of my portfolio and rely on selling stocks/bonds to manage the additional need. One advantage of dividends/ long term capital gains from stocks is that they have 0% taxes if you stay in the low income brackets.GodzillaBorland wrote: ↑Thu Dec 19, 2019 1:17 amThis is probably a bit off topic, have you considered deploying some of the taxable or even tax deferred into real estate? If you are retired your tax deferred can be rolled into a self directed IRA -> Real Estate IRA and use for buying properties that generate a monthly rental income with possible asset appreciation in the future. Granted this is more work but you are retired, right? Besides this is more of a diversification than stocks, bonds which all financial advisors tout not realizing they are the same asset class anyway..
Not as guaranteed as RE, but open to knowing more about using RE ..Thanks for your suggestion.