I have $8000 in an IRA. My kids have $16,000 in CDs. I only make around $28,000 a year. I have no debt and have about $3,000 in cash. My dad was diagnosed last year with Parkinsons. Currently we rent a house where he has his own apartment downstairs, and it's 2 bedroom upstairs for myself, daughter, and son. I pay 500, and him 350. It's getting too cramped, and my kids are basically preteens. He wants to retire because it hurts to work. He is 63, so he could get social security, and gets around 500 from miltlitary retirement . I don't know what to do. I'm not going to find a house for rent at this cost, and do I really want to move after 8 years to another rental? If I move out, chances are my dad will get kicked out too. I've never owned a home, and I live in a state with fairly high property tax. I feel like $100,000 gets you a fixer upper, and it seems like you can't get mortgages on modular/mobile homes. I could keep living like I am and stacking away cash while reminding my kids some people live in closet apartments in Hong Kong, but maybe someone out there can relate and knows a better strategy....
Submitted January 04, 2018 at 07:55PM by LovelyBlackHeart http://ift.tt/2E7LDSQ
