Friday, 10 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Economy > I’m 61 and scared to retire. I have $650,000 saved but wish I had more — I should’ve gotten into real estate sooner.
Economy

I’m 61 and scared to retire. I have $650,000 saved but wish I had more — I should’ve gotten into real estate sooner.

Last updated: October 3, 2025 7:31 pm
Share
I’m 61 and scared to retire. I have 0,000 saved but wish I had more — I should’ve gotten into real estate sooner.
SHARE
  • Dan Steven Erickson amassed a retirement fund of $650,000 primarily through his career in education.

  • He also utilized real estate investments and employer-matching retirement contributions to enhance his savings.

  • Despite this financial success, he harbors anxieties about retirement and wishes he had begun investing sooner.

Entering the workforce at 17, I primarily held low-wage positions in restaurants, construction, and convenience stores. I was somewhat of a late starter, beginning college in 1993 at the age of 30.

After earning a bachelor’s and master’s degree in communications, I relocated to Kansas to accept a full-time teaching position at the community college level.

The role included the state retirement program known as KPERs, which featured some employer matching. I contributed a small amount, kickstarting my retirement savings journey.

Following the tragic loss of my firstborn, it became too difficult to remain there. I transitioned to a college position in Indiana, where I also participated in their retirement benefits, including matching contributions. I worked there from 2002 to 2004.

In 2004, I took a position at a college in Washington, where my daughter was born in 2005. I dedicated the next two decades to that institution and left my role in June this year.

In 2019, I sold a property for a profit of about $70,000, which helped eliminate all my student loans, credit card debt, and car payments.

In 2022, I moved to Maine and continued teaching remotely. I purchased another property in Washington in 2021, sold it in 2023, and made a significant profit from that sale.

I acquired a third property in Maine, living there for two years before opting to move to Tennessee for better job opportunities. I struggled to find full-time academic work in Maine.

See also  Trent Alexander-Arnold transfer to Real Madrid: Liverpool get over $11 million to allow star's early exit

I now rent the condo in Maine to a relative, covering the mortgage while renting in Tennessee.

About five years ago, I started allocating 7% of my salary to retirement, with my employer matching those contributions. With earnings that allowed for more savings, I invested an additional $200 monthly. My persistence paid off, leading to a growth in my portfolio.

By the age of 59, my retirement accounts reached $500,000. Additionally, I inherited $70,000 from my mother after her passing in 2022. Considering my savings, that amounted to nearly $100,000 more for my retirement. I have roughly $100,000 in equity through real estate, bringing my total nest egg to about $650,000 so far.

Throughout my retirement journey, I’ve held numerous positions, including with the Postal Service, which I left due to low pay for extensive hours. Currently, I work part-time at Cabela’s, in addition to part-time teaching.

TAGGED:estaterealRetireSavedScaredShouldvesooner
Share This Article
Twitter Email Copy Link Print
Previous Article Need Chic Bachelorette Trip Ideas? These Airbnb Rental Houses Deliver Need Chic Bachelorette Trip Ideas? These Airbnb Rental Houses Deliver
Next Article Exclusive | NYC squirrels saved from ‘certain death’ inside barren construction site as locals step in to rescue creatures Exclusive | NYC squirrels saved from ‘certain death’ inside barren construction site as locals step in to rescue creatures
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

NYC gunman who shot up Jacobi ER sentenced 12 years in prison

A gunman who caused chaos at Jacobi Medical Center in the Bronx by opening fire…

September 20, 2024

‘NYPD Blue’ star Kim Delaney arrested on felony assault charges after cops respond to domestic disturbance

Actress Kim Delaney has found herself in hot water once again, this time facing felony…

March 30, 2025

Trump Says To Declare National Emergency, Use Military At Mexico Border

Washington: Shortly after his inauguration, Donald Trump announced plans to issue a series of executive…

January 20, 2025

Trump order threatens supervised consumption, harm reduction

President Trump's recent executive order has sparked controversy and debate surrounding supervised drug consumption sites…

July 25, 2025

Motorola Razr 60 Ultra Battery Tipped for Big Boost

The upcoming Motorola Razr 60 Ultra is generating a lot of buzz in the tech…

March 25, 2025

You Might Also Like

When Godzilla Breaks Windows
Economy

When Godzilla Breaks Windows

October 10, 2025
Peter Schiff Describes Bitcoin’s Jump Over 6,000 As ‘Bear Market Rally’: ‘Too Early For Bitcoiners To Get Excited…’
Economy

Peter Schiff Describes Bitcoin’s Jump Over $126,000 As ‘Bear Market Rally’: ‘Too Early For Bitcoiners To Get Excited…’

October 10, 2025
Veteran analyst drops sharp take on GTA 6 hype
Economy

Veteran analyst drops sharp take on GTA 6 hype

October 10, 2025
Nvidia’s Jensen Huang Says AI Demand Is Up ‘Substantially’ This Year, and Still Growing
Economy

Nvidia’s Jensen Huang Says AI Demand Is Up ‘Substantially’ This Year, and Still Growing

October 10, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?