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With 1.5 million dollars you could buy 2 decent multi family houses in decent neighborhoods free and clear and rent out all the units.
50% of the rent you collect would go to property managment, water bills and taxes and the rest you keep. As inflation goes up so do the rents and the property values.
Take out 100k and stick it in the bank for a rainy day.
That still leaves you with 400k to stick into a fairly safe index fund for retirement.
If youre young that 400k will be worth a lot by the time youre at retirement age.
I've never met a young person who had $400k in mutual fund investments and 1.5 million in property investments.
I'd think you'd be going pretty good.
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