Every working adult has a responsibility to figure out how to support themselves in retirement. That means having your debts mostly paid and a source of income to support you when no longer working. According to financial planners, it's likely you'll need more retirement income than you think, for the following reasons:  

• Long-term care. No one thinks they’ll have an accident or a serious illness. But it happens, especially as you age. Protecting yourself means getting the right health insurance.

• Taxes and inflation. Having a million dollars sounds nice now, but what will a million dollars be worth when you retire? It's not fair that you need to use today's dollar values to save for tomorrow's needs, but at least we have compounding interest to help offset the loss of the dollar's value over time

• A longer life than anticipated.  You don’t want to run out of money before you run out of years. While life expectancy is around 80 now, by the time you retire, medical breakthroughs might have raised that to 90 or more. Plan for more time.

If you want real estate to be part of your long-term financial plan, call about investment opportunities.