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 "What would you if you inherited $100k?"
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]OP, maxing out your 401Ks should bring your AGI below the cap for Roth IRA contributions. So, in your case, I would put $11K into Roth IRAs for 2018 and set aside $11K for Roth IRAs in 2019 (you can lump in the $11K on January 1st). I'd also put money into your child's 529 up to the state tax benefit but cast it forward for 5 years. For example, if you lived in NYS, you would put $25K in 2018 (5 years X $5K) and take the tax benefit over five years. I'd take the remaining money and open a DAF (so that I could make charitable contributions in the future and possibly itemize my taxes this year) and set aside some for a memorable vacation (say, $15K). Enjoy, OP! [/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
