I am 55 my wife is 52 - total income of 105K - Home value $150K owe $214K
401K $25K - misc debt $10K
We are currently commuting together 100 miles a day to work and it is draining us..
We are so unsure of what to do.. Rent our house out and rent something closer to work..Short sale the house..walk away?? At our age time is not on our side..and we need to start socking away serious cash into 401K.
We live in a suburb of Chicago and the market is terrible..on the plus side we have a great house..close to family..
So torn.. any and all advice welcome. Thanks
401K $25K - misc debt $10K
We are currently commuting together 100 miles a day to work and it is draining us..
We are so unsure of what to do.. Rent our house out and rent something closer to work..Short sale the house..walk away?? At our age time is not on our side..and we need to start socking away serious cash into 401K.
We live in a suburb of Chicago and the market is terrible..on the plus side we have a great house..close to family..
So torn.. any and all advice welcome. Thanks
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