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re: About to get somewhat large amount of money and would like advice my current plans for it
Posted on 4/19/23 at 4:47 pm to BullredsRus
Posted on 4/19/23 at 4:47 pm to BullredsRus
I definitely wouldn't pay off the house note with the rate as low as you have and having 27 years left. I'd take the money, pay the taxes, and if you net $500K, try to get in a bond or something similar. If you can get a 5% yield, that'd cover your annual house note. Then in the end, you have both an appreciable asset (the house) plus the nest egg.
Although I'm pretty conservative and not nearly as smart as a lot of posters here so maybe don't listen to that
Although I'm pretty conservative and not nearly as smart as a lot of posters here so maybe don't listen to that
This post was edited on 4/19/23 at 4:48 pm
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