I Didn’t Save for Retirement – What Now?

Group 1 - A 47-year-old Reddit user lacks retirement savings, owning real estate and expecting a small pension, but is uncertain about the best strategy for securing his financial future [1][5] - The user has a monthly pension of approximately $1,300 and $30,000 in savings, with significant income tied to real estate, generating $1,650 in rent and netting $1,300 monthly from two properties [2][4] - The user faces a dilemma of whether to sell his rental properties to invest in retirement or retain them, considering the potential tax implications and the need for better ROI from investments [5][6] Group 2 - The user's current financial situation indicates a monthly income of around $2,600 from investments and pension, against a $3,200 monthly housing payment, which is unsustainable for retirement [4] - The user owns a $250,000 rental property with a $40,000 mortgage, a $220,000 rental property with an $80,000 mortgage, and an $850,000 home with a $420,000 mortgage [6] - At 47, the user is likely to work until at least mid-60s, as current investments do not provide sufficient income for an early retirement [7]