New Zealanders do not have much in the way of company pension plans, 401 K Plans, IRA's, Keogh Plans, TSA's, 501 C3 Plans like the USA and their savings rate is not at all high. Therefore many have systematically accumulated rental properties to provide additional income in retirement. Many have told me that in years past they could purchase a property with minimum down and the rental income was sufficient to pay for the property. Many from the UK have come here and purchased properties when the exchange rate was hugely in their favor. All of this would seem to explain why there is so much buying and selling of property going on in a country of this size.
How about where you live. Other than Social Security or your country's retirement scheme, what are your countrymen (women) doing to enhance their retirement?
Owning Rentals for Retirement?
Owning Rentals for Retirement?
senior discount coupons!:yh_rotfl
Not many companies here have their own pension plan Lon, this is why I had told you previously, not all seniors have it rich.
Some could not afford college.
Some could not afford to invest in retirement savings plans when wages were and still are so small.
Alot of seniors end up losing their homes as they can no longer pay utilities, property tax's and more and end up in senior apartment buildings with slum landlords.
We have social security at the age of 65 which is around $600 per month, not much to live on, is it?:rolleyes:
Not many companies here have their own pension plan Lon, this is why I had told you previously, not all seniors have it rich.
Some could not afford college.
Some could not afford to invest in retirement savings plans when wages were and still are so small.
Alot of seniors end up losing their homes as they can no longer pay utilities, property tax's and more and end up in senior apartment buildings with slum landlords.
We have social security at the age of 65 which is around $600 per month, not much to live on, is it?:rolleyes:
Life is just to short for drama.
Owning Rentals for Retirement?
Praying we win the Lottery.. :wah:
ALOHA!!
MOTTO TO LIVE BY:
"Life should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather to skid in sideways, chocolate in one hand, champagne in the other, body thoroughly used up, totally worn out and screaming.
WOO HOO!!, what a ride!!!"
MOTTO TO LIVE BY:
"Life should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather to skid in sideways, chocolate in one hand, champagne in the other, body thoroughly used up, totally worn out and screaming.
WOO HOO!!, what a ride!!!"
Owning Rentals for Retirement?
If we can afford to buy tickets.:yh_rotfl
Life is just to short for drama.
Owning Rentals for Retirement?
True I split it with my sister so if either of us wins we get half. :wah:
ALOHA!!
MOTTO TO LIVE BY:
"Life should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather to skid in sideways, chocolate in one hand, champagne in the other, body thoroughly used up, totally worn out and screaming.
WOO HOO!!, what a ride!!!"
MOTTO TO LIVE BY:
"Life should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather to skid in sideways, chocolate in one hand, champagne in the other, body thoroughly used up, totally worn out and screaming.
WOO HOO!!, what a ride!!!"
Owning Rentals for Retirement?
CARLA;1300577 wrote: True I split it with my sister so if either of us wins we get half. :wah:
wanna go triple?:yh_rotfl
wanna go triple?:yh_rotfl
Life is just to short for drama.