Hi everybody! I'm 48 single (widow) and just became an empty nester as of March 31 and I love it! Don't get me wrong love the kids but now it's ME TIME! Really glad I found this forum. After reading this forum for a couple of months I realize how much I do not know. I would like to post my investments and let all of you tell me what you think. I've been playing with FIRCAL and well I think I need to play with it some more...
Fidelity 401k Low Pr Stk $93,395.70
Schwab IRA JMCVX $14,068.00
Schwab IRA JNJ $30,474.00
I am making min contributions to the 401k because I was trying to pay my house off . Not sure thats the way to go. The IRA was my husbands and I have not made any contributios to it. It was a 401k rollover 6 years ago when he died.
Mortgage 155,000.00 approx 12 more yrs
Rental Property $0
I own the rental property. My mother passed away 3 years ago
and I have it rented out. After expenses it nets about $1000.00 monthly
I could sell my residence for $495,000.00 and the rental for $425,000.00.
The numbers are very realistic given todays market in So. Cal. The properties are within 12 miles of each other. I work approx 3.2 miles from home. My income from my job is $64,000.00. My tax person is trying to convince me to sell the rental he says' I can do much better in the market. I have no idea. I feel a little frozen and really scared to make mistakes. I would like to sell the rental and pay off my residence and be completely debt free. I don't really like the idea of paying the real estate fees and capital gains taxes but that's life. I really want to retire asap but it looks impossible to me. Life is so very short. I thought about moving to a low COLA but my entire family is here and I don't want to leave. So, if you have time to offer some advice please do. I don't know if I've given enough information. I do live below my means but not by much. Thanks for listining ...
Fidelity 401k Low Pr Stk $93,395.70
Schwab IRA JMCVX $14,068.00
Schwab IRA JNJ $30,474.00
I am making min contributions to the 401k because I was trying to pay my house off . Not sure thats the way to go. The IRA was my husbands and I have not made any contributios to it. It was a 401k rollover 6 years ago when he died.
Mortgage 155,000.00 approx 12 more yrs
Rental Property $0
I own the rental property. My mother passed away 3 years ago
and I have it rented out. After expenses it nets about $1000.00 monthly
I could sell my residence for $495,000.00 and the rental for $425,000.00.
The numbers are very realistic given todays market in So. Cal. The properties are within 12 miles of each other. I work approx 3.2 miles from home. My income from my job is $64,000.00. My tax person is trying to convince me to sell the rental he says' I can do much better in the market. I have no idea. I feel a little frozen and really scared to make mistakes. I would like to sell the rental and pay off my residence and be completely debt free. I don't really like the idea of paying the real estate fees and capital gains taxes but that's life. I really want to retire asap but it looks impossible to me. Life is so very short. I thought about moving to a low COLA but my entire family is here and I don't want to leave. So, if you have time to offer some advice please do. I don't know if I've given enough information. I do live below my means but not by much. Thanks for listining ...