My wife and I are both mid fifties hoping to retire at around the 60 mark but looking at the the figures it seems like we will have to wait until old age pension age
Family home paid for no mortgage
One child left in education for 3 more years
2 rental properties (bought just before the crash!! don't ask) @ 1500 / month (before tax) with 90k mortgage but after tax yields very little income
2 private pensions each currently worth 180k
No savings
Both currently working in the private sector on 50K salaries
Should we sell one of the rentals now that the market has improved or hold on (I fear another crash in the future due to oversupply)
Have you any advice on what best to do at this pivotal age?
Family home paid for no mortgage
One child left in education for 3 more years
2 rental properties (bought just before the crash!! don't ask) @ 1500 / month (before tax) with 90k mortgage but after tax yields very little income
2 private pensions each currently worth 180k
No savings
Both currently working in the private sector on 50K salaries
Should we sell one of the rentals now that the market has improved or hold on (I fear another crash in the future due to oversupply)
Have you any advice on what best to do at this pivotal age?