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re: What to do w/ $500,000
Posted on 2/7/24 at 8:12 am to Fe_Mike
Posted on 2/7/24 at 8:12 am to Fe_Mike
Good solid advice here.
Definitely pay off student loan 100%!
Take the remaining $400k or so and get you a fully funded emergency fund as well.
You didn’t say what your income level is but $30-50k you can keep in the money market fund
Take remaining $350k and park it an S&P index fund and don’t look at for 15 years.
Almost 100% chance you are gonna like the results …should be worth well over $1m in 15 years
Definitely pay off student loan 100%!
Take the remaining $400k or so and get you a fully funded emergency fund as well.
You didn’t say what your income level is but $30-50k you can keep in the money market fund
Take remaining $350k and park it an S&P index fund and don’t look at for 15 years.
Almost 100% chance you are gonna like the results …should be worth well over $1m in 15 years
This post was edited on 2/7/24 at 8:15 am
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