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Started By
Message
Lawsuit settlement money about 350k
Posted on 8/5/24 at 8:11 am
Posted on 8/5/24 at 8:11 am
Love to hear ideas on how to manage.
Details.
I'm 57 and single in Louisiana
2 kids...girl sophomore in college , boy in 6th grade
Details.
I'm 57 and single in Louisiana
2 kids...girl sophomore in college , boy in 6th grade
Posted on 8/5/24 at 8:11 am to ChatGPT of LA
Load up on cheap stocks in about 30 mins
Posted on 8/5/24 at 8:13 am to ChatGPT of LA
In serious definitely not enough information about you situation to help you here. If you do not wait to go into details on a public message board I suggest finding yourself a fee only financial advisor
Posted on 8/5/24 at 8:13 am to ChatGPT of LA
Give it back to the rest of us who are paying for it?
Posted on 8/5/24 at 8:13 am to ChatGPT of LA
More details needed. Are you flush on retirement savings, kids college, emergency fund? Do you have debt?
Posted on 8/5/24 at 8:31 am to ChatGPT of LA
DCA that stack into QQQ over the next 4 weeks.
Posted on 8/5/24 at 9:04 am to ChatGPT of LA
Maybe invest in another lawsuit
Posted on 8/5/24 at 10:24 am to ChatGPT of LA
What do you have saved? How much in 401k, IRA, taxable accounts, debt, any pensions? How much is your home worth? Equity?
Need a lot more details
Need a lot more details
Posted on 8/5/24 at 10:29 am to ChatGPT of LA
Without any details, I would consider paying off any non-mortgage debt. Help daughter with college (if not already doing so), fund son's college fund (if not already doing so), plan a really nice family vacation (hit a bucket list item), invest the rest (have no input on investments).
Posted on 8/5/24 at 10:54 am to Dawgfanman
quote:
Are you flush on retirement savings,
No
quote:
kids college
Not exactly for the 6th grader. He does go to private (7k yearly)
Daughter is pretty solid w tops and pel.
quote:
Do you have debt?
Not much. 10k on a vehicle left to pay, probably knock that out immediately (13% rate)
Posted on 8/5/24 at 11:01 am to ChatGPT of LA
Pell grant and a 13% auto loan
You sound like the type to get a settlement. Keep your current lifestyle up, you won't have to worry about this money for long
You sound like the type to get a settlement. Keep your current lifestyle up, you won't have to worry about this money for long
Posted on 8/5/24 at 11:18 am to ChatGPT of LA
Tree fiddy for the win
Posted on 8/5/24 at 11:45 am to slinger1317
quote:
You sound like the type to get a settlement.
Wow. OK, didn't think this was the OT. Congrats on your judgment. Dick.
The 13% is an unsecured loan, with an refinance clause where I can drop a large amount, and for $50 they recalculate the payment and %. When you're building an 19 yr Olds credit, this is a perfect safe way to accomplish. It's not paid off intentionally, assclown. It's 2 mos old, and has to be 3 before I can inact the lump sum payment.
Her mother has a disability. So she resides with her to help. She went to a 20k per year high school, has scholarship $, and tops. If there is any left, Pel or some other miniscule $. Point was, college covered. She was all district, metro, etc in her sports and is now going to be a CRNA, cited hardest curriculum at her university. She has 40 credits after 1st year, including dual enrollment and summer. She owns her own vehicle and llc w condo under it.
On your best day, your daughter would struggle to keep up . Strike that, you couldn't keep up.
Personally, after a surgeon caused permanent facial paralysis, 12 fricking years ago, yeah, I get a measly 350. Forget the other 6 surgeries needed since.
I have no debt, just wanted ideas what others would do, given the current environment. My plan is pretty much completed, but I like hearing others, because I know I don't know everything, like you do.
God bless you
Sad day when the money board has guys like you on it.
Posted on 8/5/24 at 12:08 pm to ChatGPT of LA
$15k now and another $15k Jan 1 for your youngest in a 529.
$50k now in VOO
$50k now in VGT
Repeat in 8 months.
The rest in high-yield savings. Pay off any debt.
Take a nice trip.
$50k now in VOO
$50k now in VGT
Repeat in 8 months.
The rest in high-yield savings. Pay off any debt.
Take a nice trip.
Posted on 8/5/24 at 12:18 pm to ChatGPT of LA
quote:As always, impossible to make appropriate recommendations without understanding the size of your denominator.
Lawsuit settlement money about 350k
Posted on 8/5/24 at 1:22 pm to ChatGPT of LA
quote:
Lawsuit settlement money about 350k
Car accident?
Posted on 8/5/24 at 1:33 pm to ChatGPT of LA
quote:
Are you flush on retirement savings,
No
quote:
kids college
Not exactly for the 6th grader. He does go to private (7k yearly)
Daughter is pretty solid w tops and pel.
quote:
Do you have debt?
Not much. 10k on a vehicle left to pay, probably knock that out immediately (13% rate)
Privacy•
Pay the car note off immediately.
Set aside enough for the boy till he graduates.
Invest the rest in either some mutual funds or a couple stocks
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