Farmland Vs Rental Property Vs Annuity Vs Timber
In recent months I have had dozens of retirees ask me if I think an annuity is better than real estate, or timber better than an annuity, or farmland better than traditional real estate. My answer is always the same… "Depends how you define better."
Obviously, one of the most important financial goals during retirement is income. People today are waking up to the realization that the chances of comfortably retiring on social security benefits is a thing of the past. The cost of living increases over the past decade have been significant, and if the trend continues (which I believe it will), then making sure you have other income sources becomes a major priority.
