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Money and Finances
Reply to "58 and no savings and no pension"
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[quote=Anonymous][quote=Anonymous]I'm sorry, but it's a little crazy to me to be paying private school tuition if you are in debt with no savings. In 20 years your kid might be happier if you aren't financially dependent on them, even if it means they have to go to public school.[/quote] I agree. You need to put your kid in public school, stat and start investing that money in your own retirement. They will resent you if you bankrupt yourself now and come begging to be taken care of later. You will probably have to work another 10-12 years but if you start now you could save a decent amount. If there are other ways you can save on expenses in order to move that money into investments, do it. Sell your house, move into a less expensive place. Trim money from your grocery budget by eating less meat and shopping according to a meal plan. Stop by a daily latte. Whatever. You have time but you have to start acting now.[/quote]
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