Again, I would like to recommend a book titled "The Millionaire Next Door."
And Med, how would you like to become a millionaire without working? Yes, even as a retiree?
You've been in your home for quite a few years, right? You have a TON of equity, right? Borrow against that equity and buy some rental property. Wait for the values to go up, borrow against the rentals and buy more. Keep creating equities, buy more ... never sell. As time passes, you will have over a million dollars in equities making you a millionaire on paper. Eventually, pay each property off and have the rental income free and clear, minus taxes and maintainance.
Too much risk, you say? Well, nothing comes without risks, my lad.
Now then, give us all of the negative reasons why the above won't work.
Vi