I recently came into a good amount of money by virtue of a trust fund.
However, I have all the ducks in a row required via the side-bar, and where I get confused is basically at step 5 within the Windfall Wiki entry.
I have a budget.
I have an emergency fund.
I am getting my full employer match.
I have no high interest debt. Just a mortgage.
I am contributing to a Roth IRA independently of work.
Step 5 here would have me looking to "saving more" for retirement. Is it really necessary to start another 401k if your work is sufficient?
Or could I double back and invest portions of the income into my personal Roth IRA, or even the entire thing?
Is there any merit in investing a portion of this windfall into a slightly more aggressive (for lack of better words) vehicle, i.e. a traditional investment account?
Any advice would be appreciated.
Submitted October 03, 2017 at 05:58AM by Aedeus http://ift.tt/2xXXsee
