How to Avoid Being a Financial Burden on Your Children

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It's surprising that individuals do not consider real estate as a viable way to earn an income. Retirees who don't have enough are going to get part-time jobs when they very likely can qualify to own an income property that will provide them the same if not more income each month, often in a reliable and predictable monthly payment. Whether you have time to plan for retirement or you're already in it, consider a real estate investment in one of Canada's income-producing regions. We already have the properties for purchase, the tenants in place, we manage the property for you, and even assure a rental income for a given period of time. The benefits of this passive investment are yours to enjoy.

Vision Investment Properties 12:13AM July 22, 2012

I rarely participate in these comments, but I really have to share my story with 1 company which has tremendously helped me. I just turned 74, many obstacles have come in the way of my retirement including a divorce a few years ago which really hurt me financially, to be honest I had this feeling that my savings and SS income were not going to be enough. Months and months of research and dealing with big banks - nothing but a big headache and they wanted to charge an arm and leg - I was considering a standard home equity loan but then I started reading about reverse mortgages. Long story short, i found this company while searching online - reverse mortgage lenders direct - they were able to automatically compare lenders for me and quote me a fantastic quote. I am not saying you need to do a reverse mortgage (for me this has been excellent and recommendable) but if you do here is their number 877 700 0534 - you can find the site online search for reverse mortgage lenders direct .

susanbrown664 of CA 4:03AM May 11, 2012

I don't know why this was not mentioned, but clearly one of the best way's to secure your finances for the later years of your retirement is with an immediate annuity. When you enter into an annuity contract, you are basically agreeing to give up some of your wealth if you die before reaching your life expectancy for the benefit of an income stream if you live beyond your life expectancy. Having a dependable income benefit that you cannot live is, in my view, one of the best way's of others from becoming a financial burden to them in the later years of your life. To better understand how annuities work and why they generate favorable income benefits, you can view the attached link http://bit.ly/wFYLju

John Bevacqua of NY 10:29PM March 27, 2012

A better question is how to stop your children from becoming a financial burden to their parents.

Steve Byrd of TN 3:46AM March 18, 2012

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