[USER]

I’m a 48 year old single mother to 3 kids teen and tweens. My situation is as follows;

1. 100k in hysa
2. 450k in Ira
3. Paid off mortgage worth $280k

4. A rental apartment breaking even – the apartment is worth about $98k and I owe $78k on it at 8% it’s a DSCR
5. No other debt
6. $38k in regular savings account.

Am i on track to be FI in a 10 years?

[Max]

depends on your expected living expenses and lifestyle upon retirement

[Morán]

I would say no but that depends on a lot. Monthly expenses. How much are you adding to saving an each month.

Do you age college fund or plan on helping with college

[Dominick]

You could be, but likely just needs some tweaks.
Just some questions, but:

Why so much in the HYSA?
What’s your IRA invested in?
What’s the plan with the rental?

[Lee]

Not bad but without your current expense & saving rates+ possible teen college extra it’s hard to tell.

Assuming you double all of your numbers (net worth) in 10 years, it’s still hard to FI at 58 at many US locations.

[Mandy]

Possibly. Since no mortgage (but still need to budget for taxes & insurance), rental pays itself, no other debts.

Hopefully you don’t have to put your 3 kids through college?

In 10 years, assuming your $588k doubles to $1,176,000+/- and can live on 4% or $47k a year.

[Author]

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