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Reply to "What should I do with $300k?"
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[quote=Anonymous][quote=Anonymous]First put your money into tax advantaged accounts: At Vanguard, open IRAs (Roth if your income allows) for you and DH = $11,000. If either of you is self-employed, this number can go up to $51k) Put the money into Target retirement 2040. Put $130k into a 529 for your son (5 years of contributions at $26,000, you still have access to it in case of emergency). You'll have to pick a 529 plan. I believe Utah's plan uses Vanguard but I'm not sure. Chose a fund that's balanced, perhaps a 2025 (you'll need it in 16 years) That leaves you with $160. At Vanguard, put some amount in the money market- I'd suggest $25k. Not 6 months of salary, as you can also sell your mutual funds. Then I'd put the rest into Vanguard's Wellington Admiral shares - it's a balanced fund, so you don't have to worry about re-balancing. Voila. Done. Next?[/quote] This. And it saves you $1000 in financial advisor fees. [/quote]
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