My uncle recently passed away and I was named as the beneficiary of his IRA which has about 130,000. After talking to an an advisor it appears I have several options, lump sum and to roll it over. He mention I could take a small lump out and roll the rest over which I was leaning towards. My current situation: I am married with two young girls, have a mortgage, 2,500 left in student loans, and 1,500 left on my truck. My thoughts are to take a sum out and place it in a 529 for both girls, pay off the truck and make small improvements to the house. I would then roll about 100k into an IRA. I am 28 and this would be a great start to my retirement savings. Does this sound like a good move or are there any other options I should be thinking of?
Submitted February 11, 2017 at 07:12AM by Yourwasteismymoney http://ift.tt/2kgDKjs
