The rep urged persons flip 5 or less options in their retirement account to avoid IRS scrutiny, yet couldn’t provide any literature referencing 5 as a golden number.

Social Security and Medicare at the federal level represent something like 1 1/2 to 2 times of GDP.....that is GDP of the GLOBE, not just the US.

I also had some help so giving a specific time is hard to estimate.IMO, you should hold decent properties in good condition and stay on top of them maintenance wise, tenant screening is key as good tenants are golden, I have had many I never really heard from and who took care of the property.

While you must be careful about self dealings, you can arrange rents to flow through and pay a salary, benefits and expenses.....even a retirement plan or golden parachute.You can also support a N/P from the outside, loan money or assets to it, sell to it or rent peoperties to it, if there is no affiliation with the N/P that can be what ever is agreed to.While you can have the organization qualify as accepting contributions with tax deductions, it is not necessary to have the tax deduction, but it's worth the effort in the long run, I have used both.

However the basic idea here is that this property is golden and can never devalue.

So much for the "do unto others as you would have them do unto you" golden rule.When you're in the middle of a sandwich lease option, you're taking on even more risk.

Unions killed the golden goose by pushing for pension and benefit packages that were unsustainable and weak politicians gave in when their coffers were full.

Why would you ever slaughter the goose that lays the golden eggs?

or "is a golden retriever ok?"

I never sell the goose that lays the golden egg!