40 years old with 25k in savings, trying to figure out what to invest it in for retirement
Currently it's sitting in a TFSA, I'm trying to think how much of that I should put into mutual funds or RRSP from that now, I want to keep a few thousand on hand for unforseen expenses coming up.
I'm currently unemployed due to lay offs with hopes for a new job from some interviews in the next couple weeks and was thinking of just tightening my belt, doing the match of 5% per pay to the RRSP and putting maybe 15k into mutual funds for now.
I'm not a super savvy business guy but hitting 40 made me think about how close I am to probably not being able to work anymore, especially if I get laid off again in like 10 years.
u/Commando_Joe — 8 days ago