{"id":1698,"date":"2021-09-09T09:30:20","date_gmt":"2021-09-09T13:30:20","guid":{"rendered":"https:\/\/fortax.ca\/?p=1698"},"modified":"2021-09-09T09:30:20","modified_gmt":"2021-09-09T13:30:20","slug":"smart-retirement-strategy","status":"publish","type":"post","link":"https:\/\/evolvethought.com\/fortax\/2021\/09\/09\/smart-retirement-strategy\/","title":{"rendered":"Smart Retirement Strategy"},"content":{"rendered":"<style>\n.page-title-inner {display: none;}\n.entry-header-text-top {display: none;}\ndiv#comments {display: none;}\n.entry-author {display:none;}\nfooter.entry-meta {display: none;}\n.subul {margin:0;list-style:revert;}\n<\/style>\n<h2>Smart Retirement Strategy<\/h2>\n<h3>Is Your Home An Asset Or A Liability?<\/h3>\n<p>Most people buy a larger home at some point. There is tremendous social<br \/>\npressure to do this. It brings status, extra amenities, and a lot more space. It also<br \/>\nbrings more expenses. While these costs may enhance your lifestyle, they do not<br \/>\nadd to your wealth.<br \/>\nInstead, keep your lifestyle modest and leverage your existing home to buy a<br \/>\nrental property. You will be much farther ahead at retirement.<br \/>\nWith two properties, you could sell the second one at that point. Use its equity to<br \/>\nfund your retirement. Or continue to enjoy the passive income it generates.<br \/>\nThe renters will gradually pay down the mortgage on your rental property. Their<br \/>\nrent will rise yearly, keeping pace with the cost of living. Which means your<br \/>\ncarrying costs<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Most people buy a larger home at some point. There is tremendous social pressure to do this. It brings status, extra amenities, and a lot more space. It also brings more expenses. While these costs may enhance your lifestyle, they do not add to your wealth. <\/p>\n","protected":false},"author":1,"featured_media":1700,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"footnotes":""},"categories":[72],"tags":[110,140,141],"class_list":["post-1698","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fortax-blog","tag-fortaxwealth","tag-passiveincome","tag-retirementlifestyle"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"Most people buy a larger home at some point. There is tremendous social pressure to do this. It brings status, extra amenities, and a lot more space. It also brings more expenses. 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