Hi everyone,
Recently my grandmother passed away and I inherited about $60k from her 401k since my dad has been deceased for a decade now. She was in her 80's, so she was taking distributions, which means I'll have to take a RMD. A little about me:
- 28 years old
- $80k/year income
- About $25k between my own Roth IRA and 401k
- Obviously, I have a fairly long time horizon
The funds I inherited were invested very conservatively (about 80% in bonds and cash), and since I have a much longer time horizon I feel like I should invest the assets for more growth to stretch the funds out. The problem is that I've never had to take a distribution on a retirement account before, so I'm not really sure how that plays into things. Has anyone else been in a similar situation, and if so, what sort of investment strategy did you end up going with?
Submitted March 11, 2019 at 08:42AM by _snack_attack_ https://ift.tt/2TvuJK5
