char__c's.a.good.cooker
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My condolences for your loss!
But honestly 90,ooo. is not really that much money these days and it won't go that far. Besides opening and contributing to an IRA you should pay cash for a home, no payments and you will always have a home, that means a lot not to have a payment the way the mortgage thing is going these days. Find a good nice house big enough to carry you for the rest of your life. You can always get your money back by selling and if it burnt or a tornado got it your insurance would reimburse you. It's an investment. |
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Yacashama
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im sorry about your father. put the money in a savings account. it will be safe there and youll always have it just incase something happens, then youll have the money |
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Ciara J
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depends how old you are, i'd put a deposit on a house! if your too young leave it in a savings account with high interest and when the time comes buy a house :D |
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theoriginalgodwynn
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If you don't want to be aggressive I suggest bonds or CD's.
The yields have been plummeting lately, so I'd go with some municipal bonds, they are tax free at the federal level, and most of them are tax free at the state and local level.
Good luck! |
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Trebor
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open an ira that way your still makin money for your future |
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nellyy=]]
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You should get a financial advisor who will give you some options on how to save or spend this money. |
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Mary Ann V
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Your first option should be to fund fully a retirement account. If you do this, and you have extra cash, then one of the best things you can do is open a DRIP Plan.
These powerful investment plans are seldom talked about because brokers make very little money when they suggest them. Yet, they have proven to be one of the best, if not the best, long-term strategy on Wall Street.
They are perfect for small investors, as well as big investors. They are safe and allow you to not care about whether the market is going up or down. They are a must for any serious investor.
I strongly recommend looking into it. They are great plans. |
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Loo
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Put most in a savings account, take some and pay off your debt, bills, etc. Just think of maybe someday you can use it to buy a house or a car, or your childs education. If you put it in the bank and dont touch it just let it sit, you grow interest and you will have a lot more someday! Just thank your dad that he gave you a great gift. Sorry for your loss. |
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V(^_^')V
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invest it. if you're not sure how to go about it, ask a trusted family member to help you. for now, put it a saving account so it can accumulate some interest. |
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Hol123
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im sorry to hear this hunny and the same thing happened to me. I went to go and see a financial advisor at my bank who opened me a high interest savings account and alot of other things. how old are you? You could invest in property? Its a great buyers market at the moment in the UK (i think ur english??) A financial advisor be the best to advise you and they dont normally charge if you go to ur bank. Have u also got any family you could talk to? They might be able to help you as well. I would also spend a little on yourself but dont go overboard, ur dad probably would have wanted you to. Hope this helps x |
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sub0k
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IRA |
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luckygyrl83
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If you have a bank that you have an account with, you should go into the bank and speak with financial advisor. They will present you with some options and let you decide what you wanna do.
Sorry about your dad. |
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Navy wife 0607
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Sorry to hear about your dad. If I were you I would invest it and not spend it on stuff that you might regret later. You can put it in a CD account so it accumulates over time. Save it for when you need it like when you start a family, buy a house, or even save it for retirement. But if you are still confused go to your bank and talk to a financial advisor there and they will tell you all your options of investing. Good luck! |
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Dennis B
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Stocks, bonds, etc., take forever to see income. Risk in these times, are unpreditable. Me? My way? Put it in a bank savings account, even if it only makes enough to buy a good quality toenail clipper. Plan ahead. LATER this year, some NEW unbelievable cars from India, and other places are being imported into the USA, for National sale. India's got the BIGGEST thing coming in. The Tata. Don't laugh. It's true. It's real, coming here, and a 38DD. $2500. I'd work an angle on souping these babies up. Schmooze and meet some engine people. These are full bodied, 4 seaters, selling for $2500, base price. Top speed, 55-60 mph. Fuel economy? 50 MPG. 2 cylinder, 646 cc. engines. I can't do it. But with ABOUT 90 big ones, I'd be on the ground floor, and start NOW. I COULD DO IT!! I know this sounds weird. At the end of this year, all college students WILL have new cars@$!! Make them go faster!! OH, by the way? Stock, they're 33 HP. 4 speed manual transmissions. Planning ahead, potential is UNLIMITED!! |
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b.johne k
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put into cds and live off the interest in 10 years ! im sorry abo your loss and i would go to bank of good reputable standings and ask vice on how to invest and live off the earnings |
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ALA K
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give them to me, i am sure i will know what to do with them |
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