Having rental property can act as a useful way to earn an extra income. Some Oregon residents with multiple properties may even be able to utilize their real estate investments as their main source of income. Of course, you may not feel ready to leave your current job in order to rent out property, but you may feel ready to rent your vacation property out to others a few times a year.
When planning your retirement, you ought to consider planning your taxes as well. An employment retirement program uses pre-tax dollars, which means that you will pay taxes on distributions when you reach the appropriate age. You could also pay a hefty tax penalty if you remove funds from the account before that age.