- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Coming into a small inheritance.. what to do with it? UpDated
Posted on 11/30/14 at 12:59 pm to tduecen
Posted on 11/30/14 at 12:59 pm to tduecen
quote:
Ah ok, so I can have both, maybe place 2k in a Roth and then add to it each year?
It's easy to start a Roth through Vanguard. You will have many options if you start with $3,000 (most funds have a 3k minimum).
The yearly limit is $5,500. Like I originally said in this thread, get a Roth if you don't have one...max out your Roth if you can. You can actually max it out for 2014 until April.
I'd add $3,500 to your emergency fund and start a fully funded Roth ($5,500).
Check the stickied thread for more info regarding Roths and which funds to select.
1
Posted on 11/30/14 at 3:57 pm to bayoubengals88
Yes, pay the debts, max your IRA for this year and next, create a reserve fund.
But please do travel. You don't need big bucks to do something memorable.....you can get to most cities in Europe for less than $1500 during shoulder season or in winter. You can stay in nice, clean, modestly priced guest houses, pensione or agriturismi or BnBs for less dough than you think.
For $3500 I could spend at least two weeks in Europe....a month if that figure doesn't include airfare.
But please do travel. You don't need big bucks to do something memorable.....you can get to most cities in Europe for less than $1500 during shoulder season or in winter. You can stay in nice, clean, modestly priced guest houses, pensione or agriturismi or BnBs for less dough than you think.
For $3500 I could spend at least two weeks in Europe....a month if that figure doesn't include airfare.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News