How Dependable is Rental Income in Retirement?

The Money Knight

Real estate is often heralded as an easy method for generating income in retirement. While it can certainly be a great way to supplement your income, there’s a lot that you want to take into consideration when it comes time to decide whether you want to add a rental property to your portfolio.

As Wade discusses in this episode, there needs to be a focus on cash flow when you make decisions, as well as a determination on if you want to do the work required of a landlord throughout your retirement. It’s not just a financial question, but a lifestyle decision as well.

For this week’s Kingdom Minute, Wade takes a dive into what financial lessons we can learn from the Gospel of Luke, and how we can tie that wisdom into our own lives.

Here’s some of what we discuss in this episode:

• How television and social media influence our perception of rental properties.
• Focus on cash flow when making decisions on rental properties for retirement.
• Considering whether you want to do the work of being a landlord during your retirement.

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The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing.

Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.