Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "I'm a poor who is about to receive an inheritance: please tell me what to do with it"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]Agree with PP. We need a few more details to help (like your age, income, debt, kids, ages). But generally to make this money last your whole life: -Pay off all debt more than 4% (other than maybe a mortgage) -Max out retirement accounts from now until retirement -Establish an emergency fund in a high yield savings account for 6 months of expenses. -Put 4k in 529 per year for college (max for DC tax deduction) and set aside $4k for next -Put 10K in ibonds this year and set aside for next -Maybe put an amount you never want to gamble in high yielding CDs. -Set aside $10K for vacations (5K this year and next)! -Put the rest in brokerage in Vanguard (but may go down) [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
