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Kiplinger
Kiplinger
Business
Daniel Goodwin

Don't Defer Retirement if You're a Landlord, Defer Taxes Instead

(Image credit: Getty Images)

America is in the middle of its biggest-ever retirement wave. And for real estate investors who spent decades building wealth, one property at a time, the exit strategy may be the hardest deal they've ever had to make.

I had lunch recently with a couple I'll call Brenda and Eddie, who are in their mid-60s, and both exhausted. They spent 30 years assembling a tidy portfolio of rental properties in the "Tony Houston" suburbs, consisting of: five houses, a small strip center and a 12-unit apartment building.

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