Honest (not mean) assessment of finances
I’m nervous about my finances in the long term. I’m fine day to day, feel comfortable with my budget, but am increasingly worried about retirement. Stuff you need to know:
41 years old
$32k in emergency fund (will drop to $26k this month for an apartment deposit because I absolutely have to move from overpriced apartment)
$205k in pension (I’m not sure of the interest it’s collecting, but it’s minimal if any)
$5k in Edward Jones mutual fund
$3.5k in Edward Jones Roth IRA
Additional background to help explain why it’s small but my financial advisor insists I’m fine:
Paid off all student debt, $100k (one small blessing from Covid times)
I’m an American living abroad so my investment opportunities are limited. Edward Jones can no longer receive money from me unless I’m physically present in the US. This point is my biggest personal frustration which is completely outside my control.
My financial advisor recommended me to get my emergency fund to $25k-30k and now I’m there. But still have the mental struggle of feeling permanently broke and scared about the state of the world.
I’m looking into setting up a Charles Schwab international account as that seems like a safe option for EFTs. I’m a set it and forget it investor.
Thank you in advance for any guidance you can provide!