My parents sold their primary residence and netted 50k. They currently rent for 1k and have a car loan/insurance that costs around $300/month. They each have a part time job where they both make around $300/wk each. My dad has a 401k for the first time and has 2k there. They also have a small pension and social security income where they get around 1k/month. They live modestly and don't have debt except for the car loan(6k). They'd like to buy a sort of vacation home where they spend half the year in a warmer climate, but they're not sure if they can wing it. They're not really sure what to do with the money and are worried about not having it if something were to come up. What should they do?
edit: thank you all
Submitted July 26, 2018 at 09:59AM by coolerheadsprevailno https://ift.tt/2mQ7wj3
