Do you have a company pension? I don't.
That's why, several years ago, I started buying investment real estate. My goal is to own $2,000,000 worth of investment real estate by the time I retire.
The logic is simple. If you can buy early, and often enough, you should be able to own, free and clear, $2m worth of real estate by retirement age.
When you own $2m worth of real estate, you can expect to net 4-6% from that investment (figures are approximates, and used for example purposes only. Real world results can vary). At 5% net return on investment, you are earning $100,000 per year from your $2m investment portfolio.
If you own these properties free and clear, you may also have the option to refinance some of them to fund retirement lifestyle or purchases (cottage? Time share? Vacation home? Spoil your grandkids?).
My plan is to use the ownership of these properties to generate a consistent cash flow in my retirement years, and pass the assets on to my survivors when I am no longer here. Yes, they will face tax issues, however, the benefits far outweigh the consequences.
What is your retirement plan?