If you're over 50, do you have a plan, if any, about setting up for retirement, if you can?

Currently I don't, and expect I will have to work until I'm at least 70 or longer. I'm 53 now.

Mostly this is connected to having no feasible way to get out of renting and into owning a property that I can build equity into (by paying it off, or buying it mostly outright).

The 'fire' thing (financial independent retire early) idea is lost on me. When I get to to about 60 onwards I'll be able to, if I want to, stop working and access my super (like 401k) to do something with that.

My priority at the moment is my 4 y/o daughter so in a lot of ways I put myself second to her needs.

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JesseInTX · 51-55, M

I can retire in about 4 1/2 years comfortably. That’ll put me at 56. Then from there I’ll see what if any opportunities are available. People are already trying to convince me of consulting options. We shall see.

zonavar68 · 51-55, M

@JesseInTX My saving grace is I basically have no debt except a small credit limit on a CC that I'm working on getting rid of. But rent and child support chew up a huge portion of my take home pay. I don't have any means (or interest) for investing. I stress that at any time my rent can be increased in line with hiked up property prices and the big demand for rentals.