#nearing

Nearing retirement, where should I put inheritance?

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Nearing retirement, where should I put inheritance? I’m 57 and eligible to retire from Federal Government. My husband is 56 and eligible to retire from State Government. I have 600k in my TSP (401k) and he has about $200k in his. We owe $100k on our mortgage, and a few other debts that we can pay off fairly easily. While eligible to retire, I didn’t think we had quite enough in retirement savings…

Reddit Personal Finance 1.1k 2025-03-01

Parent nearing retirement, wants to remove himself from percentage-based advisor

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Parent nearing retirement, wants to remove himself from percentage-based advisor A couple of years ago my mother passed away, and my now 64-year-old father received some of her retirement savings. In total it’s currently at about 150k invested. My mom and her mother both used this financial advisor who takes a percentage-based fee every month, and my father wants to get out of that arrangement. Aside from the wrap fee, the f…

Reddit Personal Finance 1.1k 2023-12-17

Rent vs buy nearing retirement

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Rent vs buy nearing retirement I’m sorry this is so long but I need some advice. I sold my home two years ago and planned to rent for a year to give myself time to find something as the housing market was crazy and the process is so stressful. Over the course of the year interest rates went up a couple of times so I thought I would continue renting for another year. They inc…

Reddit Personal Finance 221 2023-09-26