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Originally Posted by Dream2retire
Thank you. Appreciate it. I’m grasping at straws.
My life didn’t go as planned financially. My wife and I have worked hard since our teenage years and made plenty of money. Neither of us had support or guidance from family and made some bad decisions( marriages) along the way. Our fault, no one else’s. Her ex left without any support for kids and I paid dearly to support mine. We both lost our savings and were plunged into a financial hole. As a result it took years to dig out of the financial hole from 5 kids and a government that takes more money each year than our entire net worth. We have been making great progress more recently. My wife has enough retirement income for herself. I’m not at that point yet and just seem to be burnt out. I’m looking at retirement numbers EVERY day. I’m trying to motivate myself to keep going but for some reason I feel like I’m done and the finish line really isn’t that far away. I’m sure I’ll drag myself across the finish line and make it to retirement.
lol maybe I should be laying on a couch and paying hourly to vent my frustrations. ������
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I feel like I'm repeating what many others have said, but I would find a fee-only financial advisor for some advice on the pension as well as your overall financial health. This is the single best thing you can do for yourself. Please do not do anything regarding your pension until you get some guidance as there are some significant and non-reversible consequences that you need to understand.
I live in TV in the south (across the turnpike) and would urge restraint in buying an investment property. I can't speak to the (current) middle and top of TV for rentals, but here in the south we are past the point of saturation and many are going unrented.
My extended family celebrate Christmas a few days after the 25th and wanted to rent a place within walking distance of my home. They were four homes that were wide open and we were able to rent a designer home for $2000 for a week. The home is available the week before our rental on the 28th and for the two weeks after our rental ended. Thats one week guaranteed rental in a month....during the high season. There is no way they are covering all their costs. If finances are as tight as you indicate, you need guaranteed income with minimal downside risk. A rental property does the exact opposite.