Another reality you need to consider is that most (if not all) of your pay is reliant on one resource class: physical property.

“You have to be careful not to put all your eggs in one basket. It is always good to follow a diversified approach – especially with post-retirement monies.”

The fundamental disadvantage of physical property is that your cash is secured up in blocks and mortar – hence no liquidity. You would prefer not to be in a circumstance where all your fluid assets get spent by your every day and unanticipated costs. At that point, you will be in a circumstance where you will be compelled to move a property. Or maybe downscale on a portion of your physical property while despite everything you can, and put the returns in instruments that offer greater liquidity.

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Ultimately, if the majority of this sounds unreasonably overpowering for you or you feel absolutely dumbfounded, rope in the assistance of a monetary consultant; the person in question will be glad to help.