My father passed away when I was very young. He had life insurance that is left in a trust, with the trustee as his brother.
Basically I got my first accounting of the trust last year when I turned 19, (20 now). I was somewhat dumbfounded that the money is still in a checking account earning damn near ZERO interest.
I asked him to put money into treasuries, as it is in the best interest of the beneficiaries.
However, its very frustrating because it is life changing money and it feels like he doesn’t want it to grow.
I feel he thinks I do not deserve it (which I don’t) but I also don’t have a dad and my stepdad is a alcoholic who doesn’t give a shit about his kids.
Idk I am just frustrated that I cannot invest the money. Currently I am receiving my Roth IRA contributions from the trust, and any school expenses. (I go to a junior college to save money on that).
Anyways, I can only touch half the money when I am 28 and I just don’t want to wait that long.
I would like him to dollar cost average almost all of it into ETFs over the span of 5-6 years.
Basically is there anything I can do or do I just have to wait?
Submitted May 01, 2024 at 10:40PM by S2Cole_ https://ift.tt/IvVxS0h
