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I've searched this board (as well as I could) and this may have been addressed and but I couldn't easily find this information.

In thinking about various asset classes where does fully paid off rental property fall? Would that part of a retirement portfolio be considered in a manner similar to bonds? The property is a significant percentage of our retirement. Should we have more stocks to balance out this relatively stable (in this area of the country) investment?

Thanks for any suggestions,

Dr D.
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