Updated Monday, July 28, 2014 as of 8:36 PM ET
Practice - Retirement Planning
Real Estate Realities Change as Clients Live Longer
by: Russ Banham
Saturday, February 1, 2014
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It's long-held conventional wisdom that as high net worth individuals age they need more liquid investments. The reason is cash flow, which can pose a challenge for people in their late-60s and older who may no longer work and have a greater risk of a medical emergency that can require immediate access to cash. This has traditionally meant that advisors and clients avoid new investments in real estate as they near or enter retirement.

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