I see all these younger investors when you ask how much do you need and your done.. and many will answer 7 to 10k a month.. but as you age out health insurance ( if you want the best like we do) is going to take a huge bite out of that.our medicare and supplemental is right at 2k a month for both of us total so If we though we could live on 10k well thats really 8K..

Income Potential: Rental income from real estate can provide a steady stream of passive income, which can be particularly attractive for retirement planning or supplementing other income sources.While your family member raised valid concerns about the risks and expenses associated with real estate investing, it's important to weigh these against the potential benefits and your own investment goals.

We bought much of the furniture new, choosing premium quality for the main rooms, and supplemented with discount deals online or some lightly used items.

You will get one maybe 80% of what you want and have to adjust systems or supplement from there IMO.Choose wisely, switching is a big PITA

I have a small health care benefit from my local government career, and I have VA health care since I'm ex-military but it's not as good as it used to be (too many people in the system, too few providers at the VA) so I am planning on buying a supplement on the marketplace when open enrollment comes in November.

That's okay, REI won't be 100% of you income as it shouldn't. 10k/month was good enough for me to help supplement my lifestyle.

After a closer look into the disclosures, it turns out that the ADU (permitted, junior ADU) was being rented for supplemental income on Airbnb.

Nelson Nash developed the concept in the early 80s but the product the concept utilizes has been around for much, much longer.Since you brought up term insurance (which is temporary w/ no cash value accumulation or dividends), oftentimes a policy will be supplemented by term insurance in the form of a rider that allows one to increase their death benefit such that they can store more cash in their policy without triggering IRS MEC limits and therefore be subject to tax hits.The concept and its value proposition is incredibly misunderstood (and sadly often abused) but the reality is it works.

With regards to traveling nurses, I was mentioning them as a potential tenant pool if I decide to purchase a STR, as an alternative or supplement to vacationers as occupants. 

A line of credit can also be a useful tool to supplement your business.