Selling it all, are we being suckered?

[Kim Durst]

What do you do with the proceeds from sales when your done with property rentals? It’s time. We are on the way to retirement. We own several properties and are tired. We have sold all but two. One just hit the market this week. 

What do you all do when you sell everything and have large amounts of cash? Investing in the market scares us but letting cash sit in the bank isn’t good either?? Or so they say. 
our financial advisor is telling us to invest our cash in low risk/protected funds, etc. 

would appreciate feedback. Thank you! 

Kim

[Bob Okenwa]

@Kim Durst

So you're selling everything with no concrete plan behind it? Also, you hired a financial advisor for a reason. He/she is advising you financially yet you turn to a real estate forum when it appears you're tired of real estate? If I were in your shoes, I'd sit down and map out an endgame. Ask yourselves "What do we want the rest of our lives to be like?" When you find that answer, you can work backwards to devise a plan on the steps to achieve that goal/those goals. We don't know who you are or what your interests are, so it'll be hard to give you anything concrete. All I can tell is that Kim Durst has a lot of money and is tired of real estate.

Define "large amounts of cash". To some it may be 100k. To others, it may $10 million. My goals will be different from yours as I guarantee I have very different interests than you. Ultimately, you're going to have to plan out your life interests vs the money it takes to fulfill those interests and devise a roadmap to generate income with the money you have while you do the things you plan to do from here on out.