- My Family:
- A brother
- A sister
- A mother (divorced not widowed)
- I have recently graduated with a BS in Accounting:
- Debt: $20K
- Purpose: job security and financial security
- Issue: I do not enjoy the idea of an 8-5 working on GL's and taxes
-
My father just passed away:
- Estate: $0
- Life insurance: ~$1.9M [(~$635K for my siblings and I)(no initial tax issues)]
-
I plan on:
- paying off my student loan debt immediately ($20K)
- paying off my remaining rent [(June-July)($1K)]
- going to two music festivals ($2-5K)
My issues are:
-
My siblings and I would like to get my mother a really nice gift since she will not be receiving anything from this situation. We do not know what to get her, or how much we should spend, for it to still be a responsible/reasonable gift.
-
Going back to school has been an attractive idea. Would probably try to explore a more artistic avenue, like interior design. Is this reasonable?
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I may want to buy a cheap previously foreclosed home and renovate it. This is if, and only if, I am in a location that I plan on spending a long time at; and if I find the right house. It's very easy to find horror stories of people buying houses in such a manner.
-
I have an appointment set up with a local fee-only financial advisor to see what should be done with the rest of the money. I am looking for public advice first to compare their advice with Reddit's. Can't be too safe.
Any help would be great, thanks guys !
Submitted May 28, 2017 at 02:26PM by waviedavie4444 http://ift.tt/2saNQa0
