My husband and I just bought a new(er) house. We still have the one we lived in before and will probably rent until we can get it ready to sell eventually. Would it be better once we sell it to put that money into the new house principal or to invest it? We don’t have much retirement and are 46 & 49.
apply any proceeds from that sale to whatever baby step you are on, starting with a baby emergency fund ($1000), then any consumer debt you have—credit cards, personal loans, Sallie Mae or other school loans, etc.
If you still have some left after paying off commercial debt, then you can build up your FFEF (fully funded emergency fund) + if you need to borrow money online go to borrowlab.com. If there is still some left, put it toward retirement.