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Started By
Message
30k windfall
Posted on 11/3/14 at 6:58 pm
Posted on 11/3/14 at 6:58 pm
You're 27 years old, single, no debt, maxed roth, 50k salary, contributed to get full 401k match, 8 months emergency fund established. Work will likely have you moving in the next 2 years so you're renting
Where/How do you invest the 30k that _____ left you as inheritance.
taxable accounts? VTSMX monthly for 30 months?
thanks,
Where/How do you invest the 30k that _____ left you as inheritance.
taxable accounts? VTSMX monthly for 30 months?
thanks,
This post was edited on 11/3/14 at 6:59 pm
9
Posted on 11/3/14 at 7:08 pm to DucksnBucks37
10k in an admiral shares fund of your preference. Use another 10k to average in over whatever time frame makes you comfortable and put the last 10k in the emergency fund until you know you'll either continue renting or buy a house after work has moved you.
Posted on 11/3/14 at 7:21 pm to DucksnBucks37
quote:
27 years old
quote:
single
quote:
no debt
25k to some growth fund admiral shares, 5k to go and have one hell of a weekend somewhere to make some memories that will last a lifetime.
Posted on 11/3/14 at 7:34 pm to white perch
fund choice? VTSMX seems like the fund of choice around here
Posted on 11/3/14 at 7:41 pm to DucksnBucks37
Cocaine and hookers... That's what grams would want 
Posted on 11/3/14 at 7:49 pm to DucksnBucks37
I've been Vanguard through and through, but something caught my eye last night.
FDFAX Fidelity Consumer Staples fund
12% since 2004.
FDFAX Fidelity Consumer Staples fund
12% since 2004.
Posted on 11/3/14 at 7:55 pm to DucksnBucks37
What funds are available in your 401k?
I believe that's something that should have been asked instead of spouting off 30 funds with no regard to tax implications you were curious about.
Next question would be do you need a certain amount of money for some future goal at some time. I'm assuming you're not saving for a house at your current location for obvious reasons but are you wanting to buy at the next location, etc?
The things you do are determined by your goals
I believe that's something that should have been asked instead of spouting off 30 funds with no regard to tax implications you were curious about.
Next question would be do you need a certain amount of money for some future goal at some time. I'm assuming you're not saving for a house at your current location for obvious reasons but are you wanting to buy at the next location, etc?
The things you do are determined by your goals
This post was edited on 11/3/14 at 8:01 pm
Posted on 11/3/14 at 8:11 pm to Teddy Ruxpin
quote:
The things you do are determined by your goals
This. You are young. Park the money in something for right now. That will make a nice contribution to a down payment when you decide it's time to buy a house. That is, if you want to eventually buy a house.
I'd do that with 29K of it. With the other 1K, I'd do something really fun that will remind me of and be meaningful in regards to the person who died. For example, if they liked golf, I'd take the 1K and go play a really nice course. If they liked the beach, I'd make a weekend on the beach.
Posted on 11/3/14 at 8:21 pm to LSUFanHouston
$30k on black and turn it into $60k
Posted on 11/3/14 at 8:31 pm to DucksnBucks37
quote:
contributed to get full 401k match
Sounds like you can max your 401 then while you live off some of the inheritance.
Posted on 11/3/14 at 8:50 pm to white perch
quote:
25k to some growth fund admiral shares, 5k to go and have one hell of a weekend somewhere to make some memories that will last a lifetime.
Posted on 11/3/14 at 10:30 pm to guttata
quote:
$30k on black and turn it into $60k
Always split 0/00 with 10% of a 2 to 1 bet. But really, sounds like you're doing all right. I'd up the emergency fund from 8 months to a full year, and like some one else said take 5k and have fun with it. The rest, PMs are "cheap" right now, take physical possession of a couple thousands worth of Au and Ag because its good to have at least some. And the rest in an aggressive growth fund.
Posted on 11/4/14 at 7:03 am to foshizzle
This. Max the 401k out to reduce taxable income in the current year.
Posted on 11/4/14 at 7:14 am to white perch
quote:
25k to some growth fund admiral shares, 5k to go and have one hell of a weekend somewhere to make some memories that will last a lifetime.
Agree, but max out Roth for 2014 and then 2015 in 2 months first... Put the remaining 13k or so into Admiral shares, have fun with the other 5k.
Posted on 11/4/14 at 7:18 am to DucksnBucks37
I will marry you
Posted on 11/4/14 at 9:06 am to prettygifty01
Instead of starting my own thread, thought I would just piggyback on this one. Apologies for the hijack OP.
I've been very conservative with my cash lately, and a few months ago sold a significant stock holding and its been in cash ever since. I think its time I do something with it. I have roughly $75k or so to "do something with". My initial thoughts are half in something like VTSMX (or the Admiral equivalent) and then some in something more conservative such as VBILX or VBTLX. I dont really have a plan for this cash, just want it to do something more for me. I currently max out Roth and 401k.
Any opinions? And even a bigger question, is now the time to make that decision (I feel like I'm buying high)? TIA!
I've been very conservative with my cash lately, and a few months ago sold a significant stock holding and its been in cash ever since. I think its time I do something with it. I have roughly $75k or so to "do something with". My initial thoughts are half in something like VTSMX (or the Admiral equivalent) and then some in something more conservative such as VBILX or VBTLX. I dont really have a plan for this cash, just want it to do something more for me. I currently max out Roth and 401k.
Any opinions? And even a bigger question, is now the time to make that decision (I feel like I'm buying high)? TIA!
Posted on 11/4/14 at 9:54 am to DucksnBucks37
quote:
27 years old
quote:
maxed roth
quote:
full 401k
Go spend it on something - you get hit by a bus tomorrow your 8mnth emergency fund isn't going to do you any good..
Posted on 11/4/14 at 10:06 am to DucksnBucks37
Have any vacation/leave time you can take? Ever been outside of the country for more than a couple of weeks at one time?
If yes to the former and no to the latter, go take the trip you won't be able to take again for another twenty years.
If yes to the former and no to the latter, go take the trip you won't be able to take again for another twenty years.
Posted on 11/4/14 at 10:51 am to Joshjrn
+1 on allocating a lil bit for travel. Don't go big & spendy, go for experience. Buy your best bud a plane ticket & go off to hike in the Rockies, or to Oktoberfest in Munich, or wander around in Saigon. Or get a two week railpass and wander around continental Europe. Whatever floats your boat & broadens your experiences (ie, not an all inclusive Caribbean bore-fest).
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