Whatever I inherit is going into a relatively safe retirement vehicle. We are in our early 50s and have to worry about retirement now. Social Security ain’t gonna cut it, and I feel sorry for people younger than we are who probably won’t get any at all. We are not as financially astute as my dad, although we did save up enough for a 10 percent down payment on our first house in 1986/87 (can’t remember!) but had to pay PMI for the first few years. Also, we saved enough in a 529 plan to finance our kid’s college education for the first two years (private college).
More about my dad: He worked hard at crappy jobs(eventually got his PhD) and bought two railroad cards full of…onions! Somehow, that garnered him cash and he started buying and selling (not as a realtor) houses and such in Chicago. When he and my mom came to San Diego, same thing. Ironically, both of them voted no on Prop 13 because they were educators and feared it would hurt the schools.
Oh, and welcome LOVESSD. Glad to hear about your reassessment.
