We recently inherited approximately $50k, most of which was in an IRA requiring us to pay income taxes. Once that’s said and done, we have approximately $42k remaining and are trying to make the best decision as to how to invest the money. Any advice for us? We’d like the money accessible to us but would like it working for us as well. We hope to use it as additional down payment money as we buy a newer home in approximately 3-5 years. We are not risk adverse since this is “found” money. We have no debt other than our mortgage and $38k in student loans, $26k of which is at 6%, the rest is at 3%. Should we pay off the higher loans? Invest? In what? We’re newbies who have lived comfortably but without much extra.
Submitted April 10, 2019 at 10:48AM by shootingstar1010 http://bit.ly/2Ietdpw
