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re: What to do w/ $500,000
Posted on 2/7/24 at 7:24 am to ApisMellifera
Posted on 2/7/24 at 7:24 am to ApisMellifera
quote:
You should get a financial advisor. Random internet people aren't going to give you the advice you really need.
Then why even post? It’s a message board for exactly this kind of question. And…there are numerous FAs that frequent. MTB is full of tremendous resources and it’s been proven for years on basically any financial topic.
Posted on 2/7/24 at 7:35 am to lynxcat
quote:
Then why even post? It’s a message board for exactly this kind of question. And…there are numerous FAs that frequent. MTB is full of tremendous resources and it’s been proven for years on basically any financial topic.
Might be a dumb question, but I’ll be in a similar position as the OP soon.
Is a FA recommended for pretty much any time you receive a lump sum like this? What if you have some basic knowledge?
Posted on 2/7/24 at 7:51 am to lynxcat
quote:
Then why even post?
Because people frequent this website so often that some get trapped into a mindset thinking that a quick question on the MTB is a good substitute for advice from a good FA.
quote:
It’s a message board for exactly this kind of question.
He asked the question and I gave an answer.
quote:
And…there are numerous FAs that frequent.
That is great and all but everyone has a unique situation and you can only gather so much information about somebody on a message board. As a CPA, I usually shy away from the posts asking tax questions because there are very few questions that have clear cut answers that apply to everyone.
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