Author Topic: Where to invest windfall?  (Read 1289 times)

MustardTiger

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Where to invest windfall?
« on: May 11, 2017, 08:39:17 PM »
We sold our house recently for a nice profit, and since we put down just 20% for the new one, we have some left over to invest.  After paying off a car note and replenishing our emergency fund, we have about 26k to invest.  I don't want to have it all tied up in retirement accounts right now due to my wife staying at home with our daughter and thus not being able to save a ton.

I have a 403b as well as a 457 that I am only putting about 5% in each, so those are options, but it doesn't seem possible to just deposit a large chunk into those accounts.

I thought about opening Roth and Traditional IRA's for both me and my wife in a Vanguard mutual fund.  Thoughts?

TomTX

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Re: Where to invest windfall?
« Reply #1 on: May 13, 2017, 07:08:08 AM »
You can always pull out Roth IRA contributions with no penalty, so at least max those.