A Reddit user, wealthy at 44, contemplates selling a rental property to fund their children's education. With significant assets, including nearly $3 million in brokerage accounts and substantial cash reserves, the user faces risks in hastily selling a cash-generating asset. Experts suggest exploring other funding options that do not require selling real estate, and consulting with a financial advisor can help identify alternative solutions. The implications of the sale could affect long-term retirement plans, making careful consideration vital for future financial stability.
When considering funding children's education, it's wise to explore options without selling cash-producing assets, as there are alternative funding methods available.
Selling a rental property can bring risks, especially if made in a hurried decision; a financial advisor can provide valuable insight into suitable alternatives.
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