[USER]

I have the opposite questions most of you have as I don’t have much anymore. I lost a lot in a divorce and when I lost my great job. I’m 55 and rebuilding.

I have 30k in a savings account, 35k, in a traditional IRA, and 50k in PERS. I own my own home and have about 215k in equity. I have no other debt.

That’s it and I need help organizing/investing if I’m ever to retire.

I have a meeting with an investment group because my current financial investment company doesn’t even return my calls.

I don’t know this group, they are the first to come along. I’m scared and don’t know who to trust.

Any advice is welcome.

[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.

[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.

[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.

[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.

[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!

[Author]

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