Ahhh, retirement. Time to relax on the golf course or travel to exotic lands. But if you own multiple investment properties in numerous jurisdictions, your real estate holdings may become a burden in retirement, consuming both time and money. Before you surrender and sell all your investment property, consult with your wealth advisor and explore all the potential solutions.
“Decisions about how to handle real estate investments prior to retirement are extremely individual, but in general, investors need to consider what their cash flow will be like in retirement and how they want to handle their real estate investments in the context of family dynamics,” said Malia Haskins, a wealth strategy consultant with RBC Wealth Management in Minneapolis, Minn.
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