37 years old and looking for advice from /r/personalfinance
I just now caught on to the fact that there are rules (well, loose guidelines, but still more than I knew!) to saving for retirement/building wealth. I have an unconventional path to where I am and would love some advice to right the ship
Age: 37
The Good
House: Paid off, 100% in full. house valued at 300k. Student Loans: None Credit Card Debt: Negligible, paid off every month Salary: 60k (in low CoL area, considered "a solid b+" in my region) Job Stability: 100%. Not a fed job but as stable Car Payment: None, owned outright Additional Assets: 13 acres of farm land in a different town near my house. ~80k value but opens opportunities for commercial operations etc. Health/Dental/Vision: $190/month (v low for a family!) Work Retirement: A defined benefit pension if I can grind out 17 more years.
The Bad:
Savings: None. As in zero 401(k)/IRA/etc: None, as in zero Car: 220k miles. Will need replacement soon. Family: one child, one gf. Neither works. Both supported by me. (by my preference, but still) Stocks/Bonds: none I had a laser focus on acquiring a house and land, and owning them outright. Now, at 37, I'm here, for better or for worse.
Please i) rate my financial position ii) tell me where to go from here
Submitted September 15, 2017 at 10:03AM by curioustaco94m http://ift.tt/2foi85k
