How should I invest and organize my finances to prepare for retirement?

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  • #110316 Reply
    Enilda

      Do you live in a house? Can you get a room mate willing to pay rent? That sounds like it would be the best way to increase your income and be able to save for retirement.

      #110317 Reply
      Anna

        First and foremost read the book Simple Path to Wealth by JLCollins before going to a meeting with any investment company.

        I can’t stress enough to do that before moving your money anywhere.

        #110318 Reply
        Donna

          I used Hello Nectarine and was glad I did I would recommend who I talked to but don’t want to break any rules.

          #110319 Reply
          Steven

            I assume that you have determined your expected social security retirement benefit (or equivalent) and what you project your expenses in retirement are likely to be.

            You will want these numbers when you consult with a financial advisor.

            In your situation, in addition to what others have commented, you are probably desperately needing to minimize your expenses, somehow boost your income, and be as aggressive with remaining savings/retirement investments as possible with your limited remaining years before retirement.

            #110321 Reply
            Jenny

              You are in better shape than most people. Build from here. Don’t get remarried so you can collect on your former spouse’s SS if you were married for 10 years.

              Study and read up on personal finances.

              Invest into the stock market and let your money grow.

              You can do a lot in 10 years!

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