Naw really? Real Estate is one of those professions that you can back into retirement gracefully. Perhaps you start taking fewer listings, Perhaps you sell out your book of business and take a fee on the sales revenue. I guess once you get so old you cant get out of bed in the morning you should retire but until then, might as well keep on selling. For me, it sure beats being a greeter at Wal-mart.
Here is an interesting article on retirement and why the 70% rule of thumb doesn't work for everybody. The thought process reminds of the book written by Tim Ferris titled the "Four Hour Work Week."
http://www.marketwatch.com/story/advice-on-retirees-income-needs-is-flawed-2009-10-29?link=kiosk
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