I hope this type of post is okay here. I'm currently at the end of a years long medical debacle that has left me with neurological damage causing severe memory loss, cognition issues, and extreme fatigue. That is to say, I do not think that I will be employable again, although I'd welcome any change in this status. In about six months, I should better know where my new baseline health status will fall.
I make $15k/year from social security disability, have $400K in savings, and $75K in a 401k, however I need to figure out a living situation and simultaneously try to make what money I have left work for me. I'm considering buying a house outright to keep my cost-of-living down, but some friends recently convinced me to rent for a few months to ensure I still like the area. And then, I'm not sure how much I should allow myself to spend on a house. It's hard to get a house for $200K where I am, but I'd be apprehensive of spending any more than that. I don't know what my cost of living is because I've had gnarly medical costs the last few years, but I'm trying to track my spending now.
I would love to just focus on healing over the next six months, but my concerns about what to do next keep me up at night. I make poor decisions due to my cognitive issues, so I really don't want to make a choice that will cost me more than I can afford. I'm currently in an AirBnB for the next month as I had to find a roof relatively quickly, but after that, I have no plans.
What would you guys do if you found yourself in my situation? Buy a camper and invest the balance of my money? Where do I invest? Should I buy a house, and if so, how much should I spend? Any help would be greatly appreciated. TIA
Submitted July 04, 2020 at 08:58PM by if_6_was_9_was_6 https://ift.tt/2D4kNj6
