This happened 3 years ago and I have not been able to figure it out on my own searching through the internet. I have a 401K with my employer and I can meet with representatives from TIAA-CREF without having to pay a fee. I thought they only focused on the 401K, but they also ask about other investments so I guess that they are a quasi-financial planner too. I told them that I currently have 1 rental house and plan to have 5-10 rental properties by age 60.
The TIAA-CREF representative asked me when the money from those investments will run out. I struggled with the question because I told her than I consider the income from rental properties to be infinite. She said that I had to pick a number so we settled on age 90 because I only plan to live until 80-85.
Why do they ask you when the money from other investments will run out? It doesn't make any sense to me.