How can I plan for retirement in my 40s?

Dear William,

I’m 40 and I have a mortgage already and I’m thinking about ways to plan for my retirement years. What are you seeing your clients do?

Carmen G, Mt Washington, Los Angeles

Dear Carmen,

You’re asking this question at the best time in your life to make decisions that will benefit your future financially and comfortably. Have you considered buying a vacation home? Buying a vacation home now might be a solid home for your retirement years! Lots of our clients have vacation homes in Palm Springs, La Quinta, Palm Desert and Desert Hot Springs. So many options! You can also pay the mortgage by renting it out either as a short term rental or long term. The point is think about buying property you’d like to appreciate in your platinum years now and buy it so that when the time comes, you’ll own it mortgage free! Check out our current lease in Silverlake and our Airbnb for sale - maybe you’ll be inspired to buy your own rental or lease out your own property!

Your Agent Truly,

William