I am selling my house and will be making a net profit around $40,000. Usually, I would plan on putting this into my next house. However, my wife has a postdoctoral fellowship for the next few years so we are planning on renting for the next 2-3 years because we aren’t planning on staying where we have the postdoc.
We are currently solvent. We don’t have any student loan debt, paid off our car loans, and paid off our credit cards. We live in Oklahoma and currently have $30,000 in savings, $10,000 in a Roth IRA, and $60,000 in stocks and bonds. Should I give the net profit to my financial manager to invest in stocks and bonds or should I put the money into an online bank and get the 2-2.5% interest? Or should I do something else? Thanks for your help.
Submitted April 17, 2019 at 08:44AM by JamesKPolk-on http://bit.ly/2VPr5b1
