bartallgrownup
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I don't know your full situation i.e.
Your job, how secure is it? At what age can you retire?
If you had to pay taxes on the money?
If your married? How many kids you have?
When you talk to someone if they are any good these and other questions they will ask to guide you in the right direction.
A general question like this can only be answered generally therefore it would be wise to call a certified financial planner and give all the specifics to get the best answer.
Otherwise put it in a short term Certificate of Deposit in the best interest paying institution/bank you get from the Sunday papers until you can figure out what it is you truly want to do with the money.
If you still don't have a direction. Roll it over into another short term Certificate of Deposit until you do. No hurry money can only make you money. |
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Peppy
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travel |
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dobby
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I would definetly go and just travel the world; and because I will be having some savings of my own by then, I would probably go to every continent in the world. the one place of which I know I would start would definetly be the Bahamas and end up at the carrribean islands! |
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?
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INVEST IT |
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Mr. G
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I would invest some and perhaps splurge on a vacation.
Unlike some answers, $100,000 at the age of 50 is no where near enough money to retire.
Even if you only make $20,000 a year, that is only 5 years of salary. What do you do when your money runs out at 55???? |
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Jamie
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I would go on a trip, cruise or fly somewhere. |
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jlinder_1
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Go to your bank and ask to see the investment person, they can advise you on investments, you can put it into a safe investment with a smaller growth potential, you cant loose any money, or you can put it into a investment with some risk, the interest is higher but you can loose your investment, I personally would choose the no risk option, you have at least 15 years until retirement, and 100.000 is not enough to retire comfortably "with no worries"
secure your future before you get generous or before you start playing. |
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worldneverchanges
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I would bury it and watch it grow. :) |
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J. Charles
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I would put 3/4 of it in a Tax Free Guilt or ISA(With Easy Access and No penalties)
Then with the rest I would have a Long Vacation! |
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Jim Jam
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I'd buy the necessities...depends, prep. H, medamucil, etc. |
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hott.dawgâ„¢
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Consider starting a small business.A cart or kiosk at the mall has great potential for profit and low overhead.Sell silver jewelry or T-shirts.You can triple your investment in a year, with no sweat. |
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clayton c
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Assuming you have zero dept including your home, create an emergency fund with three to six months expenses, just in case something happens to you or your spouse and you lose your income, or just in case the car needs serious repair, the stove dies ect. Invest the remainder in good growth stock mutual funds. In fifteen years or so when you get ready to retire you wil be able to do so comfortably and not have to worry about trying to get by on social security. Dont blow it!! you'll be sorry later. |
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Okie Dokie
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But i want to have it now!:)
Ok and if at the age of 50 i will be very glad!:) |
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mimi
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I would give 10% to charity and divide the rest and give my children an equal share. The rest I would buy a new carpet and renovate our home. |
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norsmen
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invest in a retirement plan |
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pigment
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You may not be a home owner, but if you have 100k, you should become one soon. If you buy a house and rent it out, it will provide you with an additional level of income for the duration. Buy the house, rent it out and you will be able to retain the equity and still draw money off of it. There are managing companies that will help you handle the whole thing if you do not want to fool with it. Buy it, rent it out for ten years and then if you want sell it for what then would probably be 125K |
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Q.T.Ï€ Reuben
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First, I would get it in cash and roll naked in it. Then I would take a nice vacation. Something involving tropical beaches and rum drinks, maybe a cruise. The rest would go in the bank, probably in CDs. I wouldn't invest in stocks because I'm risk adverse and would die from worry about my investments. Oh, before the vacation I would give 10% to my church because I'm so broke now I feel guilty about not having anything for the collection. |
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sup
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give it to you. |
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Mom
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Buy my daughter a new house.For me I would travel. |
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minus
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That is not a lot of money and even invested it would not return a great amount. A safe place would be for me. The money marker is okay and other guaranteed item like that. I am a bunch older than that and do have that much put away to have peace of mind in case something major comes along. Something like severe illness or natural disaster. |
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amosunknown
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I'd hire a personal wealth manager, sit down and draw up an investment plan with a professional who knows how to make money from money. |
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fitchbetch!!=]
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support my self. food clothes ya kno?? |
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Chloe
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I would take one really nice vacation. The rest I would invest so that I wouldn't worry about the future financially. |
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dawn18417
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I would purchase the best health insurance that money can buy because without your health there is no wealth.Send the kids to private school and then just hang out by the lake jet skiing.Then purchase stock in the oil and electric company and collect the dividends.invest wisely and you will be on your way to financial independence. |
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dreamweaver021557
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I have 6 children and would share it with them to better there life's.Family first. |
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bluealt
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I'd invest it in a safe and secure IRA or Roth IRA. |
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Clock Watcher
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invest and retire |
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hgary06
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i would take 10,000 for fun
the rest for investing. do u still work? u should, cuz 100,000 is not enough for retirement. |
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ilovesinging96
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donate half of it to charity one third of it to breast cancer research (my mother was a survivor) and one sixth of it to some people in need and the rest to me. |
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