Hi everyone, I have a family friend who doesn't use MMM forums and isn't well-versed in personal finance.
60-years-old, has a condo that's underwater (mortgage amount is small enough to just sell, take the loss, and walk away), a paid off car, a $30k retirement account, no other savings. Working a decent office job, and doesn't plan to retire for another 5 years or so. Low cost of living.
It's a bad situation in my opinion, but want to help her with recommendations for what-to-do in the next 5-10 years to prepare for retirement. What would you recommend?