Using Debt To Assist In Retirement

This entry may not be applicable or desirable for everyone, however, it is a strategy that can beef up your retirement. The concept is simply to buy a rental house then let the tenant pay it off for you. In our area, that can be done on a 10-15 year amortization. If you have plenty of money, then it’s not worth the hassle, but if an extra $100,000 at age 65 to 70 could make a big difference, maybe it’s worth considering. It’s not rocket science, just another way of thinking, and if you find yourself a little short of money at retirement, it could be the answer.