hello to all---i am new here. i am a registered nurse, aged 54, who had always dreamed of freedom 55. thanks to the downturn in the markets in the past number of years, my $$$ situation won't provide me with the ability to leave employment until i am 60. i work part time---80%---and my pension plan is not a defined benefit one. it is a matched contribution plan that i can choose asset allocation of.
my three boys are (finally!) out on their own and although they owe me $$$, totalling between them almost 30K, i am not planning on that $ when i make my retirement plans. when they can repay it, if they can repay it, i'll consider it bonus at the time. despite working hard over 35 years, saving whatever i could afford, not making big $$ thru my lifetime, i have put away 250K. not a fortune, to be sure, but better than nothing. i HAD over 300K but during that last major market drop, my account showed 100K in losses....but it has rebounded to 250 now.
i am frustrated in my financial advisors. yet i do not feel confident enough on my own to take complete control of my investments without their advice. however, i am not sure that i feel that i CAN completely trust the advice i am getting (paying for) so am looking for whatever guidance i can get here.
thanks
barnaby
my three boys are (finally!) out on their own and although they owe me $$$, totalling between them almost 30K, i am not planning on that $ when i make my retirement plans. when they can repay it, if they can repay it, i'll consider it bonus at the time. despite working hard over 35 years, saving whatever i could afford, not making big $$ thru my lifetime, i have put away 250K. not a fortune, to be sure, but better than nothing. i HAD over 300K but during that last major market drop, my account showed 100K in losses....but it has rebounded to 250 now.
i am frustrated in my financial advisors. yet i do not feel confident enough on my own to take complete control of my investments without their advice. however, i am not sure that i feel that i CAN completely trust the advice i am getting (paying for) so am looking for whatever guidance i can get here.
thanks
barnaby