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Reply to "Am I doomed? 48 only 100k in 401k"
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[quote=Anonymous][quote=Anonymous]Am I doomed? 48 only 100k in 401k. But I just started invested in Roth ira and already maxed for this year. I can't buy back the past, but I can focus on the future and now. I am divorced. I have twins who are both in college. They both have full merit aid. They both have part time jobs, but I still help them for a total of $12k per year. I don't have a house and rent. I don't have any debt. And I have $25k in liquid savings. I live a simple life. I will retire when nobody wants to hire me anymore. I would love to change career, and make more money but I think I am too old for that. [/quote] Step 1 and awareness and understanding of your current situation. Step 2 is education and self-study of what is possible - start here: https://www.bogleheads.org/ 100k at 48 isn't great, but it's not horrible either and with your laser focus now, my money is on you being just fine in the longer term! Good luck.[/quote]
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