Hope this thread is still going! Hi there!
I’m 40, single, have been a single parent my entire adult life so we’ve only ever had one income. No child support. Started young with the parenting thing so my little one is actually in college now. About to finish, debt free! So that’s a huge accomplishment for our family. I read and ignored all the advice to save for my own retirement before funding my child’s education. It was too important to me. I have no regrets, but I have a lot of catching up to do now.
The good news for me is that I don’t have debt except my own graduate student loan, and that’s part of the (still breathing, perhaps barely) PSLF program, so is on board to be discharged in a few years. More good news is that I work two jobs right now, and so I can save the entire second job salary in my tax advantaged 403b and (possibly) 457b right now, pending any changes to tax structures. This is totally key for my plans, so I’m hoping the second job holds out for a few more years at least.
The bad part is that I’m a single income late saver, so I have that working against me - but I also feel like that’s okay for me, even if it makes me an outlier in the FI community.
I’m currently trying to build up some passive income streams. That’s where I stand right now.