This won't work for everyone: "But then what do I do with all the money?
You invest it. In stock index funds, in paying off your own house, in rental houses if you are interested in local real estate, and in other sources as you continue to learn about making money work for you. My own retirement income comes from a dead-simple asset allocation: one high-end rental house with no mortgage, and some 401(k) and taxable stock accounts which pay quarterly dividends. More recently I have started experimenting with peer-to-peer lending for higher returns on a small percentage of the portfolio, but that’s another story."
"But then what do I do with all the money?
You invest it. In stock index funds, in paying off your own house, in rental houses if you are interested in local real estate, and in other sources as you continue to learn about making money work for you. My own retirement income comes from a dead-simple asset allocation: one high-end rental house with no mortgage, and some 401(k) and taxable stock accounts which pay quarterly dividends. More recently I have started experimenting with peer-to-peer lending for higher returns on a small percentage of the portfolio, but that’s another story."