I’m a boomer who saved $ 650,000 for retirement; I Fear’s not Enough

I got my first job at 17 and workhed mainly dead-end Jobs at Restaurants, in Construction, and at mini-marts. I was a lat Bloomer and Started College in 1993 at 30.

I Graduated With A Bachelor’s and a Master’s Degree in Communications and Moved to Kansas to take a full-time stations teaching at the community College Level.

The Job Offered a State Called Program Kpersa retirement program with some matching. I participated and controlted a Small Amount, which started my retirement journey.

I Left the Community College and Kansas a Year Later

My partner and I Lost Our FirstBorn Child, and it was too too to stay there. It is not to work for a College in Indiana. They Also offended retirement benefits, Such as matching, whic I participated in. I WORKED THRE From 2002 to 2004.

I Left Indiana and Got A Job at a College in Washington, Where My Daughter Was Born in 2005.

I BOUGHT MY FIRST PROPERTY IN WASHINGTON IN ABOUT 2012, Which Got with Into Real Estate

ITEN SOLD IT IN 2019 FOR AROUND $ 70,000 Profit – IT Paid Off All My Old Student Loans, Credit Card Debt, and Tsar Payments.

I Mved to Maine in 2022 and Still Taught Remotely. I BOUGHT ANOTHER PROPERTY IN WASHINGTON IN 2021, SOLD IT IN 2023, and MADE A Nice Profit on it.

I bought a third property in maine. We lived there for two years before deciding to moving to tennessee. I was unable to Find Full-Time Academic Work in Maine, SO i Relacated for Better Job Prospects.

I rent the condo in maine to a family Member, so the mortgage is Covered while of Pay Rent in Tennessee.

I’ve Never purposelly invested; iT’s just ben part of my benefits

About Five Years ago, I Started Contribing 7% of My Incoming to Retirement, Which My Employer Matched. I was Making Enough Money, SO I Invested An Extra $ 200 a Month. Not even was consistent, my portfolio GREW.

Wen i was 59 years old, my retirement Accounts hit $ 500,000. I Also Received A Small Inheritance of $ 70,000 From My Mom We Died in 2022. Along With My Savings, That’s Close to Another $ 100,000 for My Retirement. I’ve got About $ 100,000 in equity in my real estate. SO, My Retirement Nest Egg is About $ 650,000 Thus Far.

In my retirement journey, i’ve held many jobs. I WORKED FOR THE POSTAL SERVICE, but of QUIT CECAUSE I WAS WORKING TOO MUCH FOR TOO LITTLE PAY. Now, I’m Working Part-Time at Cabela’s and Part-Time Teaching.

I DON’T FEEL SECURE ENOUGH, AND SHEKARY

I’m nervous. My ex-whiff and i divorced in 2006. I’m single and building my retirement nest egg alone. Eight though $ 650,000 Sounds like a lot, it isn’t. If i’ve Lived off $ 50,000 a year, my retirement savings Will Only Last About 12 Years.

I have some medical isser that may May my life a little short than the average person, but i don’t know about being 71 and still working, and i worry i could out of Money. In my 70s, i don’t want to relete on social security and public housing.

I’m Working on Security Another Job in Tennessee. I’ll put in another four years to get to 65 and probably retire, unless i love my jab. Thatn, i Could Start Social Security Taching.

The one thing i wasti done differently is i would’ve bought real estate earlier

I’ve made a tears of Money off the real estate i’ve owned and sold. Real Estate Boosted with financially in my mid-to-late fifties.

I’m frustrated Because i’m a creation person. I’d like to spend my life doing creation work, whereer of make -up Money or swimming, Such as Writing, Music, Songwriting, or Photography.

Now, i’m stack working 50 to 60 hours a week at various jobs, and it’s imiausting. I don’t like any of the jobs that i’ve had; they’re means to an end.

I WISH I HAD STARTED PUTTING MONEY AWAY EARLIER, AND THAT’S THE ADVICE I WAUDED GIVE YOUNOPLE.

Of Course, Working Dead-End Jobs is hard, and you barely make it paycheck to paycheck. I probably started adding a little extra once i got a job with matching programs that where it adds up.