Goody_Ouchless Posted February 6, 2018 Report Share Posted February 6, 2018 I've debated about starting this thread, but decided the small chance of it generating some good ideas outweighs the near certainty of insults, hectoring and, my personal favorite, solutions that require a time machine. I am in my mid 50's, my wife will soon be 60. I have a good job in the computer business. At my age, and with skills that I have neglected, I expect my next job will be listed under "unskilled." My wife works for the school district. She could probably make more working anyplace else, but it's secure, has great insurance, a retirement plan that will pay $390/month in two years and summers off. Other than my wife's meager "pension," we have no savings, no IRA, no 401, I get no retirement or pension from work. Debts are 5K and shrinking (two CC's and an IRS payment plan). Home equity of 70 - 100K, based on comps. Monthly "nut" on house (mortgage, tax, insurance) is around $1150/month, which is less than renting a decent apartment in these parts. Most people of similar age that we know have "planned for the future." Their advice is limited to the "time machine" variety. The others are in various degrees of worse shape than us. While people don't talk about this stuff openly, I've read that we fall in the majority. For whatever reason, most folks just didn't plan ahead. I'd be interested to hear from others in this position - what are your plans? Are you older and have you found a way to survive this state of affairs? We are looking at all options, from me making myself more employable in case the ax falls, to selling house (before AC, roof, electric and/or plumbing start going) and buying a double-wide on a large lot in the sticks so we at least will always have a roof over our heads. Opine away, and thanks for sharing!!! Quote Link to comment Share on other sites More sharing options...
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