Hello,
I'm a 25-year-old male, and I currently have a total of about $6,000 in a general savings account, as well as almost $3,000 in my Roth IRA. I'll be making $16.50 an hour at a new job I'm starting next week. Not great, but perfectly livable in my part of the country, and I'm hoping to build up my resume and make career progress. As it says in the title, I will soon be receiving roughly $15,000 through an inheritance. Given my situation, what should I do with it? I plan on putting roughly $2500 in my Roth IRA (to max it out for the year). Should I put the remaining ~$12,500 in my savings account? Or should I consider opening up a CD or a high-yield index fund? For additional context, I am unmarried, no kids, no debt, and not a homeowner. Any advice would be much appreciated.
Submitted April 09, 2019 at 09:32AM by Throwaway_50293 http://bit.ly/2YYrlWW
