Quote:
Originally Posted by Sylvanfan
I'm a lot more worried about an all out crash on nearly everything. Housing, traditional stock markets, banks... I'm a couple years short of 50 and don't own a house free and clear plus and I have two kids that I'm needing to support for at least 10 more years. Essentially need to prepare for a 5 year period that will be great depression bad..where I have to figure I lose my job and will need to survive off what my wife makes. But I can't get there in under 10 years...and I think it hits within 5. So it's causing me a lot of anxiety. Story of my life...5 years behind where I need to be and I'm not smart enough to figure out how to catch up.
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Have you found a financial planner you connect with/trust? I’d suggest starting there, you can have initial consultations with a number of them until you find one you like. Getting a plan in place will give you peace of mind and assurances you’re on the right path. You can talk to them about your concerns and they can help put a plan in place to mitigate. If you’re 10 years out of when you think you’re retiring, get that done, it’s better now than later. You can start laying the groundwork for 10 years from now, and you might be surprised to find you’re in better shape.