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.
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.