Major flaw? No Job= Not Qualifying for a mortgage. At least, that's the way it used to be, and I hear lenders are going back to that.
I recommend a book I'm currently reading, "Retire on Less than you think".
One fundamental strategy is to sell a home in a high cost, high tax state (NJ is a prime example used) and buy a house outright somewhere cheap. Another strategy is continuing to work at some level, for health benefits, social reasons, etc.
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