My father just passed away and it looks like he had 750k in life insurance split among my mom, my brother, and I.
I'm currently a first year medical resident with a significant amount of debt mostly from medical school. The debt is around 500k right now, but I am aiming for the 10 year public service loan forgiveness program couple with income based repayment (10%).
I've been reading around and it looks like the general consensus is to tell no one and to get a fee-only financial advisor. What is the best way of selecting or finding a good one? Are there any other tips or recommendations? I've also heard mutual funds or ETFs may be a good idea, but I'm way over my head with this stuff right now as I've never dealt with this much money.
The death was very sudden, but I'm doing okay mentally. My dad and I had a lot of ups and downs, but I know he cared about me and this was his way of making sure I'd be okay in the future so I don't plan on blowing it. Thanks for the help.
Submitted March 19, 2017 at 08:53PM by Angrybomb877 http://ift.tt/2nq7yzT
