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re: What to do w/ $500,000
Posted on 2/10/24 at 10:37 pm to GentleJackJones
Posted on 2/10/24 at 10:37 pm to GentleJackJones
Pay off student loans.
Get wills and medical POA done for you and your wife.
Get truck serviced, professionally cleaned, and waxed. You’ll feel like it’s a new truck.
Max out Roth IRA for you and wife.
Keep $100,000 in high interest account for now. Robinhood is offering 5.25% on cash and M1 is 5%. You can use this later if you need a new car or buy a new home. Take a reasonable vacation if you want with these funds.
Put remainder in VOO and VTI. This should double every 7-10 years.
Don’t over think it. Don’t invest in real estate if you don’t have experience. Keep living like you did before the money and you’ll do well.
Get wills and medical POA done for you and your wife.
Get truck serviced, professionally cleaned, and waxed. You’ll feel like it’s a new truck.
Max out Roth IRA for you and wife.
Keep $100,000 in high interest account for now. Robinhood is offering 5.25% on cash and M1 is 5%. You can use this later if you need a new car or buy a new home. Take a reasonable vacation if you want with these funds.
Put remainder in VOO and VTI. This should double every 7-10 years.
Don’t over think it. Don’t invest in real estate if you don’t have experience. Keep living like you did before the money and you’ll do well.
This post was edited on 2/11/24 at 1:09 pm
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