So long story short, my school offers a career start loan where we receive $36k our junior year. The first payment is not due until August of 2020 and the loan payments are $660 a month and will be paid off in 2025.
Right now I’m planning to spend a maximum of $12k on a used car that should last me at least until the loan is paid off. My largest question is what should the rest be invested into.
One idea I’d heard was putting a lot of it into a Roth IRA. I’d be able to make full payments for last year and this year as well as partial payment for next year and still have a lot left. However this isn’t very liquid but there is no risk. Any advice would be great.
Submitted January 26, 2019 at 04:51PM by Dubstep_squid http://bit.ly/2FPNRLp
