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@pluemusica The more you add to the account the more you will have at the end. You can’t beat the benefits of tax deferrals.

@brocs0208 Yes, but it’s when the actual dollars get in the account to actually benefit from the periodic spurts in market growth that generates the most capital. $10k at 7% is going to be worth much less than $10k starting balance and annual contributions of $35k for the next 25 years. It’s...

@pluemusica You can not beat the upfront tax deferral on contributions nor can you beat the compound growth on those tax deferred contributions over time. Placing monies in a taxable account means you are giving up on the government loan of not paying taxes and you would need to contribute 1...

@exitworldwide Taxable brokerage account, broad market equity indexes. Don’t time the market, just keep buying.

@knotlikeyou That’s true, but the tax liability can not be defused after the decedent has passed if proper estate planning was not taken before death, only paid. At a 70,000 gross income level, the amount of taxes the OP will pay on any taxable assets at that income level will be at a low rate.

@exitworldwide Here’s a wrench in your plans - how many people in IB do you know working at age 65? Best to have a back-up plan - instead plan on age 50. That way if for any reason you find yourself out of a job for any reason you can relax. Liquidity gives you options and opportunities.

@josh0302 Nonsense - inheritances under 11.1 million in 2021 are NOT taxable.

@josh0302 Please read the Bogleheads.org wiki - especially on windfalls. This is a one-time event and the allocation of assets should be treated with the same level of care that your recently deceased mother took to accumulate such assets. Since you may still be grieving, you will want to take...

@josh0302 First, my condolences on your loss. The first thing to do is nothing with the money until you formulate a plan. It’s a significant windfall that came as a result of your loss. Since you have no retirement, the first thing you can explore is to open a Roth IRA and fund it. For 2021...

@nick220 Go to Bogleheads.org - there’s a 13 page thread on it

@nick220 You are missing something: The I bond rate is set every six months based on the net change in the CPI-U index calculated by the Department of Labor economists. The 3.54 percent rate is the rate calculated from October 2020 to April 2021. Its an annualized rate based on 6 months. The...

@nick220 Series I savings bonds yield 5.33 percent for exactly 1 year if you buy before October 29th at Treasury Direct. Annual purchase limits are $10k per individual or $20k per married couple. If you cash out before 5 years, lose the last 3 months of interest. Seeing as the bank pays you...

@joannemaree The above, plus HOA is extra cost.

@snervel It’s not financially responsible if you don’t have enough money to pay for the house. Buying a house is a lot more than just a down payment, you’ll need money for closing costs - figure 3-5% of purchase price, first months mortgage and escrow. Are you handy because any repairs or...