We make investments so that we have money to live on throughout our lives. Especially in retirement and old age, you want to benefit from the investments you made in early life and live off their return without having to worry about your finances. Smart decisions in early life are supposed to set you up to live comfortably when you make it to retirement.
The problem with investment options like RRSPs and mutual funds is that they deplete over time. As you use them, they will eventually run out of money. Not only are you depleting them by taking money out of them to live on, but you’re also taxed on the money you take out until there’s nothing left. Before you know it, your investment is gone. So, what was the point?
These programs are based on the assumption that you’ll be willing to live “under your means” in later life; it puts the impetus on you to reduce your quality of life in old age in order to save money and be able to afford to live during your retirement years.
After you’ve worked hard your entire life, you deserve to retire comfortably without having to pinch pennies or stretch your investments to their last dollar.
Unlike tax deferred savings programs, real estate investments don’t deplete — they keep on giving. That’s why they’re the best investments to make throughout your life so that you don’t have to worry about money when it comes time to retire.
The best thing about real estate is that it appreciates in value. In many places, a $30,000 home in 1967 might now be worth over a million dollars. The longer you hold on to real estate, the more it’s worth. That means you can access that equity in later life and use it tax free to help support your retirement lifestyle.
Additionally, as you pay down the mortgage or financing on the property, your cash flow increases. Not only is the value of your investment appreciating the longer you have it, but you’re also getting to keep more money in your pocket once you’re no longer paying the bank.
You’re also able to pass on your investment properties to family, loved ones, or other heirs after you pass away. The intergenerational benefit of real estate means that your investment is safe and beneficial even after you’re gone.
If you don’t want to live a limited lifestyle in retirement, real estate is the best way to invest for your future. Why worry about your finances after you’ve worked so hard to support yourself for your entire life? Let your real estate investments do the work for you.
investwithcaroline.com has been actively involved in the Ontario area real estate market investing for a number of years. Our mission is to provide quality housing for quality tenants,
while at the same time providing an above-average return on investment (R.O.I) for our investor partners and ourselves. It is truly a win-win-win way of investing!
Caroline offers her investor partners hands-free investment opportunities. If you are interested to learn how to earn an above-average return on your investment, backed by a solid asset,
and without the hassle of being a landlord, please contact Caroline.