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We are trying to get our finances set up so that we don't HAVE to work anymore. We have $400,000 in stock and mutual funds, 5 rental properties plus our own home, and will be receiving about $350,000 additional cash in the next year or so. We don't know whether to take the $350,000 and pay off all six houses which will give us over $4000/ month income as well as eliminating our $700/mo pmt on our own home. We also have over $2000/mo coming in from military retirement. We are concerned that if we keep EVERYTHING in the stock market, it could all disappear overnight, and at least the rental property is tangible. We are Realtors and have no problem managing rentals. Or, rather than paying off these houses, should we buy more rental property? Any suggestions?
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