Good planning is key

Additionally, property can also appreciate in value over time, which can provide a valuable source of equity. This can be especially beneficial if you need to access cash later in life for unexpected expenses or medical costs.

Another advantage of using property for retirement planning is that it can provide a hedge against inflation. Unlike other types of investments, such as stocks or bonds, property values tend to rise in line with inflation. This means that you can maintain your purchasing power over time, even as the cost of living increases.

Overall, using property as a tool for retirement can be a smart and effective way to generate income and build wealth over time. By investing in the right properties and managing your investments carefully, you can create a comfortable and financially secure retirement for yourself and your loved ones.