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    I’m about to receive about $200,000.00 and I’m not sure what the best thing to do with it is

    @yonniejoy It’s a savings account with a decent interest rate. Ally Bank or Alliant Credit Union offer good interest rates.
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    I’m about to receive about $200,000.00 and I’m not sure what the best thing to do with it is

    @josh0302 I suggest a S&P 500 Index fund because it has a historically good risk-reward ratio. You could make more getting into the landlord business but there’s a lot more risk… and a ton more work. Also, your location matters a lot when looking into RE. Is your local/state government more...
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    I’m about to receive about $200,000.00 and I’m not sure what the best thing to do with it is

    @josh0302 Set aside a six month emergency fund ($10-25k) in a high yield savings account. Pay off any debts. Open a Roth IRA at Schwab/Fidelity/Vanguard and max that out each year (currently $6k per year). Invest in their S&P 500 index fund. Max out a 401k (currently $19,500 per year). You’ll...
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