Here’s how my clients stop worrying about running out of money while retired.

Budget Retirement Options Channel — Low Rents — Homes for Sale -Cost of Living

First of all, I am not a financial planner but a retired tax professional still registered with the Department of Treasury for over 22 years now.

I must give credit to previous tax clients and my experience with lowering their taxes.

Here are three things I saw my tax clients do to generate monthly income from lump-sums of cash and assets.

1. Buying run-down apartment buildings, fixing it up, creating enormous tax write offs for the repairing the building. In both cases each client used hard money loans to finance the property, because no bank would touch the run-down buildings.

Once the property was repaired, painted, upgraded electrical work and plumbing, landscaping, and low-level security added, no problem for a RE loan. Clients purchased new stoves and refrigerators for each unit, which was 179 depreciated on their taxes.

The monthly cash flow was above the monthly expenses because, both times, the client purchased the property at a very low price. The first property had turned into a free for all drug house for homeless people at the end of the main street in a city with a population of 200,000.

My client needed the assistance of the police to clear the property out of homeless…