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Started By
Message
Received 30k cash gift from relative.....
Posted on 6/25/17 at 4:49 pm
Posted on 6/25/17 at 4:49 pm
What would be best way to invest..
6
Posted on 6/25/17 at 4:50 pm to ourkansastigah
Not nearly enough information provided
Posted on 6/25/17 at 4:51 pm to Costanza
Whatcha need to know....
Posted on 6/25/17 at 4:53 pm to ourkansastigah
Mr. Hadley, you trust your wife?
Posted on 6/25/17 at 4:54 pm to bawbarn
Maybe?
Posted on 6/25/17 at 4:57 pm to ourkansastigah
Sorry, you're question reminded me of a scene from Shawshank Redemption. Carry on.
Posted on 6/25/17 at 5:06 pm to ourkansastigah
Age, income, retirement savings status, kids, debt, etc
Posted on 6/25/17 at 5:09 pm to Costanza
40...2 kids both in college this year ... Income total 150k about 2000 CC debt.....no mortgage. Retirement income is secure
Posted on 6/25/17 at 5:42 pm to ourkansastigah
Hookers and blow.
Posted on 6/25/17 at 6:05 pm to ourkansastigah
I'd plan a very nice vacation with the family. Maybe even invite said relatives along.
Posted on 6/25/17 at 7:14 pm to ourkansastigah
Help the kids out with college, take a nice family vacation, fund your Roths, pay off the 2k credit card.
Posted on 6/25/17 at 7:47 pm to Costanza
Appreciate it costanza
Posted on 6/25/17 at 8:26 pm to ourkansastigah
quote:
Appreciate it costanza
Posted on 6/25/17 at 8:44 pm to ourkansastigah
How do you have credit card debt but no mortgage?
Posted on 6/25/17 at 9:04 pm to CorkSoaker
It's only $2,000...probably what he spends on a monthly basis and just pays it off on the 1st.
Posted on 6/26/17 at 5:23 pm to ourkansastigah
That's a down payment on two $75k rental properties.
Posted on 6/26/17 at 6:11 pm to ourkansastigah
quote:
40...2 kids both in college this year.
College funding is already in place, scholarships, student loans???
The kids may have already spoken for your $30K windfall.
If not, I'd clear up whatever that credit card debt is, make sure that you have a practical emergency fund and use the balance to fund your Roth IRAs over the next couple of years. Between you and the wife, that would probably probably take care of that amount. It wouldn't hurt to give some to your church or a charity either.
Posted on 6/26/17 at 6:44 pm to Jag_Warrior
Yes house was a gift from same relative....as well as college fund...cc paid off monthly
Posted on 6/26/17 at 6:45 pm to Jag_Warrior
Son's are same age from prior relationship
Posted on 6/26/17 at 10:38 pm to ourkansastigah
OK, so it sounds like your basic finances are in order. Depending on your goals for the future and your investment knowledge/background, why not look at a good mix of low cost, growth mutual funds or ETFs?
I'm not sure about your original question. Are you looking for asset classes or industry sectors? Someone suggested real estate. Are you a real estate guy? It's not for everyone. But it can be great if you are.
I'm not sure about your original question. Are you looking for asset classes or industry sectors? Someone suggested real estate. Are you a real estate guy? It's not for everyone. But it can be great if you are.
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