Where to put $40K windfall
Resume IA
Un homme de 58 ans a reçu 40 000 $ et cherche des conseils pour les investir, ayant déjà un fonds d'urgence et des comptes de retraite
Conseil cle
Investir dans un compte de retraite ou un compte brokerage taxable
- Montant max
- 210k€
Hello. I'm a 58 year old male. Not been a good saver at all and I am way behind in any kind of retirement savings. But I've been reading all of the collective wisdom of this forum and have found it incredibly helpful and supportive. Last year my family and I sold some inherited property and I net about $210K. I paid off 30K in debt and put the rest of that money away as per the advice in this sub. I have an emergency fund sitting in a HYSA at 4%. I opened a Roth IRA with Vanguard this year and maxed it out at 8K. I increased my 401K savings. My employer matches at 2% so I increased it to about 20K per year. I also put a fair amount in a taxable brokerage account with Vanguard also. At this time it's at 60-40, holding mostly VTI and BND, with some VTUSX and some BNDX also. With all of that, I have about 40K left just sitting in a HYSA at 4%. I'm not sure what to do with it. I'm hearing it would be best to either put it in the taxable brokerage or filter it into my 401K (increase the withholding and live off the savings in the HYSA) but I'm not sure. I'm also trying my best not to time the market but in this climate I'm finding that difficult. Any advice or insight is appreciated.