Author Topic: 15Kish windfall - what to do?  (Read 1423 times)

DK

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15Kish windfall - what to do?
« on: August 10, 2016, 09:39:15 AM »
Probably not go to the casino and put it all on red, right? Any suggestions...seems just popping it in the market might be the best move?

2Birds1Stone

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Re: 15Kish windfall - what to do?
« Reply #1 on: August 10, 2016, 09:40:26 AM »
Invest it according to your IPS, or if you have any debt @ more than 5% interest...pay it off.

Catbert

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Re: 15Kish windfall - what to do?
« Reply #2 on: August 10, 2016, 11:31:14 AM »
Pay off debt >5%, up your 401k contribution, fund an IRA, put in brokerage account.  Hard to know which is best without knowing a lot more about your situation.  Any of these would be good.

DK

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Re: 15Kish windfall - what to do?
« Reply #3 on: August 10, 2016, 12:45:55 PM »
Touche'.

No debt outside of mtg. 4.375%, 27ish yrs left on it. Already maxing 401k, Roth, just opened an individual account. 1 month emergency fund.

ysette9

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Re: 15Kish windfall - what to do?
« Reply #4 on: August 10, 2016, 01:02:12 PM »
https://www.bogleheads.org/wiki/Managing_a_windfall

I like the Bogleheads wiki personally as a good source of info on all things financial. Happy reading.

mountains_o_mustaches

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Re: 15Kish windfall - what to do?
« Reply #5 on: August 10, 2016, 06:10:17 PM »
Treat it like any other type of income - pay off emergency debt, set up a safety fund, and then invest.