My brother-in-law has decided to take an early retirement from the police force, which is becoming an increasingly scary line of work.

I suppose 4% as passive income during retirement might be a low risk strategy.

Basically, use the policy to buy other assets, then you can use the policy (if designed properly) to supplement retirement when you're done obtaining assets. 

The ultimate goal would be to create enough income to not have to worry about retirement. 

The money is coming from their retirement that they can't get until May.Any obstacles I will face in doing this ?

The money is coming from their retirement that they can't get until May.Any obstacles I will face in doing this ?

(Residential real estate doesn't depreciate -- it at least holds its value)So while investors may break even on a cash basis (perhaps even lose slightly), their tax savings more than make up for it -- especially if they plan on retiring elsewhere & using 1031's to move their eventual capital gains to a lower tax state.Plus they also make their income stream more robust.  

We want to build passive income to live on in retirement after I sell my business at some time in next 10 years.Looking for any thought, suggestions or mentoring on first deal.Clark in Katy, Texas

We also have about 75k between our savings, stocks and retirement accounts. 

I'd say we have that.............we are old and retired.