Originally Posted by SuzieKitson
My father has been a real estate broker for all his life. In all these years he has earned himself a good reputation and goodwill of a huge client base. As he nears retiring age, he does not want to give up his work for fear of no income. Is there any way out by which he can use his goodwill in the trade to continue earning without being actively involved in the business?
That is on of the down sides of that business. The potential for high income is there for some and not most. Yes there is a way he can continue to have income from his Real Estate years once retired. It is calling investing his money while working and then drawing it down in retirement. He still has the principal he earned from Real Estate plus the appreciation.