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re: Received an inheritance now how to plan for future retirement?
Posted on 2/12/15 at 11:16 am to bayoudude
Posted on 2/12/15 at 11:16 am to bayoudude
I would recommend finding a good financial planner and meeting with them. The person you received this inheritance from, I'm guessing they were pretty wealthy, were they working with an advisor?
Am I correct in assuming that the $2K/month is your current debt service?
I would feel uncomfortable giving you any more advice without sitting down with you and doing an analysis of your goals and risk tolerance. This is a once in a lifetime event so you want to get it right.
Am I correct in assuming that the $2K/month is your current debt service?
I would feel uncomfortable giving you any more advice without sitting down with you and doing an analysis of your goals and risk tolerance. This is a once in a lifetime event so you want to get it right.
1
Posted on 2/12/15 at 11:23 am to LSUFanHouston
quote:
Am I correct in assuming that the $2K/month is your current debt service?
Correct that is roughly what the current home and auto note run. At the moment our company does not offer any type of retirement. The way i was looking at it the money isn't making 4% sitting there so paying off the house and paying myself back is attractive.
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