#33: My Rental Retirement Strategy (or How to Not Run Out of Money)
Real Estate Investing with Coach Carson
Chad Carson
4.9 • 613 Ratings
🗓️ 22 April 2019
⏱️ 59 minutes
🧾️ Download transcript
Summary
Episode #33 - How do you retire, live off your investments, and never run out of money? Big challenge, right? I have a plan to do that with rental properties, and I share that rental retirement strategy, in detail, in this episode.
For a companion article & show links visit: https://www.coachcarson.com/rental-retirement-strategy/
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Transcript
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| 0:00.0 | Welcome to the Coach Carson podcast. |
| 0:10.1 | This is a show about financial independence, about real estate investing, and about doing more of what matters. |
| 0:16.0 | My name is Chad Carson. I'm your host. You can also call me Coach Carson. So happy you're here today. The topic of today's |
| 0:23.3 | podcast is in general is retirement. I talk a lot about financial independence and early retirement. |
| 0:29.1 | We're going to get into some of the nuts and bolts of using rental properties as a retirement |
| 0:34.9 | strategy. Specifically, I'm going to get into my own rental retirement strategy. |
| 0:39.5 | And I also kind of jokingly call this the plan for how not to run out of money. |
| 0:44.6 | If you're thinking about retiring earlier than normal, I'm sure there's a little bit of fear |
| 0:48.7 | about, you know, what do I do once I have to transition and actually live off of this money? |
| 0:55.2 | So as anything important, anything else important, it's nice to have a plan. And I had personally been working on |
| 1:00.6 | my own plan kind of roughly in my mind, not very particularly in writing for a while, |
| 1:06.0 | but I was inspired by a couple of fellow bloggers who actually put their own plans, they call them |
| 1:12.6 | their withdrawal plans, into writing. |
| 1:15.3 | One was Physician on Fire. |
| 1:17.1 | And you can find him at physicianonfire.com. |
| 1:19.8 | And another guy was named Fritz from the retirement manifesto. |
| 1:23.3 | So they sort of started a trend among a lot of our blogger friends in the financial independence |
| 1:27.7 | circles to write down what their strategy is to live off of their money once they got to |
| 1:33.0 | retirement. |
| 1:34.0 | So I felt, and a lot of those plans were actually had nothing to do with real estate. |
| 1:38.3 | A lot of them were talking about withdrawal strategies of stocks and bonds and annuities, |
| 1:43.3 | different things. |
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