slingshot
Recycles dryer sheets
NoSco is North Scottsdale, Arizona. It's the place where women wear sparkley shoes and full makeup to shop in the overpriced trendy markets for exotic flower arrangements and obscure but very expensive spices. But I digress...Hi, I'm Slingshot. Married, 51 & 58, DH has 3 kids, all grown. We own a small business which only makes money if we are are doing it. No passive stream of income here
It seems we are a few years too late/too old to retire early but I have enjoyed reading the forums here and attempting to educate myself on financial matters I blithely ignored for far too long.
In 2006 I happened upon Dave Ramsey's radio show and nothing will ever be the same.
Just the facts:
We have no debt, about $150K equity in our only home, we are seller financing a small farm back east and holding a note for appx $50K, we have $415K in a tax advantaged plan (currently in cash), $75K in SEP IRA (cash), 6 months of emergency fund $$, no pensions, but our good health and a business we may or may not be able to sell someday.
The reason that we are in cash right now is that we fired our big gun Dave Ramsey endorsed financial planner as soon as the markets came back to the point that we had all of our originally invested principal back.
Ever the talk radio fan, I recently met with the Buckets of Money folks and have been presented with the opportunity to purchase an annuity and several non-traded REITS.
But let's stop right there.
We are NEVER going to purchase a financial product unless I run it by some sources of wisdom first.
Thus, I need your insight if we ever hope to achieve retirement. Pros and cons, books to read, websites to check out, blogs to read, assets to allocate.
Thanks in advance for your help.
It seems we are a few years too late/too old to retire early but I have enjoyed reading the forums here and attempting to educate myself on financial matters I blithely ignored for far too long.
In 2006 I happened upon Dave Ramsey's radio show and nothing will ever be the same.
Just the facts:
We have no debt, about $150K equity in our only home, we are seller financing a small farm back east and holding a note for appx $50K, we have $415K in a tax advantaged plan (currently in cash), $75K in SEP IRA (cash), 6 months of emergency fund $$, no pensions, but our good health and a business we may or may not be able to sell someday.
The reason that we are in cash right now is that we fired our big gun Dave Ramsey endorsed financial planner as soon as the markets came back to the point that we had all of our originally invested principal back.
Ever the talk radio fan, I recently met with the Buckets of Money folks and have been presented with the opportunity to purchase an annuity and several non-traded REITS.
But let's stop right there.
We are NEVER going to purchase a financial product unless I run it by some sources of wisdom first.
Thus, I need your insight if we ever hope to achieve retirement. Pros and cons, books to read, websites to check out, blogs to read, assets to allocate.
Thanks in advance for your help.