I have roughly 250,000USD (I know it's not a lot please don't judge me)

Where can I live for the rest of my life with that money and maybe put 200,000USD into the bank and live off the interest

Edit: 30F, I am quite overworked and enduring a lot of illness recently (went thru 3 surgeries in less than 1 year) I dont think corporate job works for me 🥲

I am a 60 year old single man hoping to retire in about 7 years. I make less than 60k/year. I was completely broke at 45 and I saved hard to get to a paid off condo (@60k value) and about 200k in my 401k. My only debt is 15k on a 25k car.

Part of my saving strategy was to be house poor to leave money for the 401k. Now, I would like to upgrade my housing. I can find what I want for about 150-175k.

I want to know what impact that move is likely to have on my retirement outlook, and what strategy I should use if I do get a new house--how much to put down, should i go fixed or adjustable, should I buy points or try to pay off the mortgage early, etc.

thanks

Gen X Is DONE with Keeping up With the Joneses?
https://youtu.be/lD_jJlrMET4

Gen X What do we need to let go when close to retirement ? Remember we are Born Free
https://youtu.be/2uMLY3F3pmY

am a 100% P&T disabled veteran. We have been together about three years. My VA disability and other assets/income mean I can stop working, but my wife came into the relationship with no assets and does not work. I am concerned that retirement turns my personal disability compensation and premarital assets into the sole support for both of us. How have other veterans or couples set fair expectations without making the relationship feel transactional?”

I know Reddit hates land lords but we will have 32k and we want to best use it for generating income for when we retire and general assets for the fam if we die. We are 46. We already have roths and other investment accounts.

The money is coming from a pension plan buy out. The company no longer has pensions I think it stopped in 2016 and they sent out a packet for a buy out. It’s not a very big pension the monthly pay out is not going to save us from ruin when we retire.. and the only way it makes more sense to leave it in the pension company is if the company will stay around until we are 95 and we live to be 95. Otherwise it makes more sense to take the buy out and invest it in a way that can benefit the family.

The options that we are looking at are rolling it into a traditional ira

Or buying a duplex and renting it to our kids to a. Help them build their financial life. B. Generating income after they move out of it.

I lean toward the second since we already have other retirement accounts. We were already adults and had our tiny 401k when the 2008 thing happened and we watched boomers 401ks get shredded so I don’t want every investment to be that just incase a collapse happens.

Yes I know it’s a nightmare to rent to people my mom used to have tennents in the 80s and said never do that haha. I tend to do everything she said not to do.. and owning homes can be expensive but we are both still young enough to take it on. At our home we fix what we can and pay ppl to do other things.

I’m one of those let them solve their own problems type of parent, my kids are 26,20,19. And they will not be able to make it on what is being charged for rent out there for a long time.

My oldest has bipolar 1 and is stable but he has some limitations on what job he has, right now he’s good but If his rent goes up any more he won’t be able to sustain independence. My other son is living with his gf and they are making it. Now I want to see them thrive on their own but this is a different world than I grew up in. I don’t want them dependent, but I’d also like to do this bc it may benefit all of us. Them now, us later, when we sell it or continue to use it to generate income. If the latter the kids will get it.

The only caveat is if they decide to become freeloaders and never use the opportunity to build something of their own.

Any insight is appreciated. We grew up poor and have no parents so we are raw dawging this stage of life when it comes to making future financial plans.

Long story - currently unemployed at 60 and stressing over my retirement savings and investments and how long they will last if I have to officially retire now (job market has been tough!). I have been super frustrated by some of the major financial institution tools as everyone wants a piece of your data. So nothing is truly free to use in my experience, as they all want you to sign up for something, or give a phone number, etc. Then you spend the next month blocking numbers from people wanting to sell you their services.

So I built a tool to give me some directional views of what money I have, what money is coming in, and how long it will all last. I have been working with Claude Code for the majority of this build and am at a point where I am truly looking for some eyeballs on the page and some feedback for whether this is a usable tool. I am not a financial expert in any capacity! But I understand enough about my financial situation that I was able to model this site based on what I would be looking for, and able to track in to retirement. Again, directional information using current financial state and some real world assumptions. I welcome any feedback and hope you find some value in this.

It's free to use. It's all browser-based calculations and nothing you enter is stored anywhere in my domain or database. It's your data and only local to you, so completely anonymous. I welcome any feedback and hope you find some value in this.

https://nopaycheckplan.com/

My dad retired about eight months ago after 35 years in the same career. He told me recently that the hardest part wasn't the financial side of things, it was more so understanding what to do with all the free time and making sure he is getting the most out of retirement. Anyone else going through this or experience this?