P
pollyinthe
Guest
Orginally posted under investments, but post was not responded too, this thread seems more sympathetic to low income issues!!!!
At 50, with interrupted career for childcare and elder care I am now in the position of not having a pension at all. I have about 100,000 invested in a small property. I have received an offer on the property, which has ended up a 'holiday' place, which i am tempted to accept.
My daughter 15, will hopefully go to college, as a single earner i could get a mortgage but it would make living very tight (i.e. half our income).
any rules of thumb when it comes to making 'big' financial decisions.
there is a property in england for the full amount of 100,000, but with a rental income of around 250-300 sterling pcm, would that be a wise move, ie tax etc, or would i be better investing in a pension, or college fund??
At 50, with interrupted career for childcare and elder care I am now in the position of not having a pension at all. I have about 100,000 invested in a small property. I have received an offer on the property, which has ended up a 'holiday' place, which i am tempted to accept.
My daughter 15, will hopefully go to college, as a single earner i could get a mortgage but it would make living very tight (i.e. half our income).
any rules of thumb when it comes to making 'big' financial decisions.
there is a property in england for the full amount of 100,000, but with a rental income of around 250-300 sterling pcm, would that be a wise move, ie tax etc, or would i be better investing in a pension, or college fund??