Type something and hit enter

ads here
On
advertise here

Hi everyone, (apologies, this is cross posted) Please let me start by saying I have no idea what I’m doing and I’m very worried I’ll mess things up.

I’ve recently inherited some money and property. There’s approximately $85,000 in cash (Canadian) and a house that’s worth approximately $1million (house is in Toronto).

I currently have about $15,000 in savings and after taxes I make about $55,000/year (I work freelance so it’s not a set number). I have no credit card debt or debt of any kind.

I’ve never paid into any retirement savings things (I don’t even know what they’re called). I’ve been travelling and living abroad for the last 12+ years and just moved back to Canada. I’m in my 30’s and I want to be smart about how I invest this money and what I do with this property.

Does anyone have any advice for me please? Do I keep the property? Sell it? Set up a retirement savings thing?

I have a will in place that gives everything to my sister if I pass away (and then to her kids...).

Thanks in advance! And advice is very much appreciated.

Started a new account for my finance questions.



Submitted April 16, 2018 at 02:14AM by neeedyourhelpplease https://ift.tt/2IYGFKm

Click to comment