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    • Gradually build yourself an onnlie business now so that it will generate income in the years ahead without a lot of continued maintenance and upkeep. It can actually be quite fun if you pick a niche that you really enjoy. I decided to do that (late 30 s) and began an onnlie chocolate candy site. It is gradually growing and in a few years should be bringing in a steady income. I’m having a grand time doing it too. (You can check it out in my profile if you want to see what I mean).It is always nice to be prepared even though we have no guarantees of what the future holds.All the best.

    • Again, that’s why you’ll see lots of rich homeowners and very few rich rernets.The only thing that proves is home owners generally have better paying jobs than rernets.I’m not saying that changing conditions might not get me to change my mind again, but for that to happen opportunity cost would have to go much higher than it is, capital appreciation rates would have to go negative for a decade, and rents would have to stagnate or decline.That’s what happened in Japan after their housing bust. Years of declining home prices. They decreased their rates to 0%.Many people in other parts of the country are finding out their homes are worth 20%, 30% less than a year or two before. The math is not working out for them. Rate this comment: 0 0

About Encore

  • Encore examines the changing nature of retirement, from new rules and guidelines for financial security to the shifting identities and priorities of today’s retirees. The blog also explores news that affects retirement, from the Wall Street Journal Digital Network and around the web. Lead bloggers are reporter Catey Hill and senior editor Jeremy Olshan. Other contributors include The Wall Street Journal’s retirement columnists Glenn Ruffenach and Anne Tergesen; the Director for the Center for Retirement Research at Boston College, Alicia Munnell; and the Director of Research for Pinnacle Advisory Group, Michael Kitces, CFP.