I acquired this money from a deceased parent of mine who put it in a trust to build up for me to get when I am 18. I don’t know what to do with this money and I don’t want to blow through it.
I have to move out soon and buy a car. The bank told me my options are to either cash the money out and pay tax on it or put it in another trust/ online bank such as Marcus by Goldman Sachs.
Can you guys help me with suggestions on what I should do and where I should put it? I’d like to put the money somewhere where I can have access but also have a decent interest rate.
edit: some more information, my college is pretty much paid for as I have prepaid and the car I am looking to purchase is a used toyota corolla/ camry but a newer model. something reliable that will last long
Submitted May 25, 2019 at 11:16AM by Str4tix http://bit.ly/2X5wo6B
