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Reply to "No retirement savings....what to do with $150k? Buy a house or invest for retirement"
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[quote=Anonymous]Hi, I am 47 and recently moved to the US. I got a 150k pension settlement from my job in my country. I'm deciding what to do with this $150k. 1) do I invest this $150k toward retirement 2) or do I use this $150k on a down payment for a house IF I can find an affordable house My current job pays me $110k and I started 2 months ago. Given my age 47 and the fact that I just started contributing to US social security, and my $401k has just couple of thousands, I guess it would best to invest the $140k toward retirement... But I really do want to buy a house. What would you do? On weekends I do food delivery and Uber driver to further supplement my income and save more for a house. My wife doesn't work yet and we have 2 kids and currently living in a 1 bedroom apartment. My health is good but of course we can't predict anything post 50 and if I were to lose my job I heard that finding a job in the US after 50.is very difficult.[/quote]
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